Free Trial

(U18) Below 111.940 To Shift Focus.....>

SCHATZ TECHS
SCHATZ TECHS: (U18) Below 111.940 To Shift Focus Lower
*RES 4: 112.137 Bollinger band top 
*RES 3: 112.135 High June 21 
*RES 2: 112.085 Lows July 2 & 3 now resistance 
*RES 1: 112.062 21-DMA
*PREVIOUS CLOSE: 112.015
*SUP 1: 112.000 Low July 5 
*SUP 2: 111.975 Hourly support June 14 
*SUP 3: 111.961 55-DMA 
*SUP 4: 111.940 High June 13 now support
*COMMENTARY: The contract is now capped by the 21-DMA with immediate pressure on
the 112.000 support. The 111.940-975 support region where the 55-DMA is noted
remains key. Bears need a close below 111.940 to shift initial focus to
111.865-892 where the 100-DMA is located. Bulls continue to look for a close
above 112.085 to gain breathing room and above 112.155 to confirm a shift in
focus back to 112.270-425 where 2018 highs are noted.

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.