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(U2) Bull Trigger Remains Exposed

SCHATZ TECHS
  • RES 4: 110.412 1.382 proj of the May 16 - 24 - 28 price swing
  • RES 3: 110.256 1.382 proj of the May 16 - 24 - 28 price swing
  • RES 2: 110.063 1.236 proj of the May 16 - 24 - 28 price swing
  • RES 1: 110.005 High Jul 6 and the bull trigger
  • PRICE: 109.745 @ 05:28 BST Jul 25
  • SUP 1: 109.389 20-day EMA
  • SUP 2: 108.950 Low Jul 21
  • SUP 3: 108.760/425 Low Jun 30 / Low Jun 28 and a key support
  • SUP 4: 108.025 Low Jun 21

Schatz futures found support last week at 108.95, on Thursday. This marks a key short-term trend support. The current uptrend remains intact and attention is on key resistance and the bull trigger at 110.005, Jul 6 high. A break would confirm a resumption of the bull cycle and open 110.063 and 110.256, Fibonacci projections. Note that price is also trading above the 50- and 20-day EMA’s, reinforcing current bullish conditions.

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