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(U3) Directional Triggers Defined

SCHATZ TECHS
  • RES 4: 105.704 1.236 projection of the Aug 15 - 24 - 30 price swing
  • RES 3: 105.580 High Aug 24 and a key resistance
  • RES 2: 105.440 High Sep 4
  • RES 1: 105.395 High Sep 5
  • PRICE: 105.325 @ 06:10 BST Sep 6
  • SUP 1: 105.285 Low Sep 5
  • SUP 2: 105.160 Low Aug 30
  • SUP 3: 105.140 Low Aug 15 and key support
  • SUP 4: 105.041 1.236 proj of the Aug 24 - 30 - Sep 1 price swing

Schatz futures continue to trade below their August highs. Recent activity has highlighted key directional parameters at 105.140, the Aug 15 low and 105.580, the Aug 24 high. A breach of support would reinstate a bearish theme and open 105.041, a Fibonacci projection. On the upside, clearance of resistance at 105.580 would strengthen bullish conditions and signal scope for a climb towards 105.704, a Fibonacci projection.

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