Free Trial

(U9) 112.600 stills caps the upside....>

SCHATZ TECHS
SCHATZ TECHS: (U9) 112.600 stills caps the upside
*RES 4: 112.677 2.382 projection of Jul 10 - 24 rally from Jul 26 low
*RES 3: 112.669 Bull channel top drawn off the Jun 6 low
*RES 2: 112.610 2.00 projection of Jul 10 - 24 rally from Jul 26 low
*RES 1: 112.600 Contract high Aug 15, 16, 20,21 and 30
*PRICE: 112.585 @ 03:34 GMT Sep 3
*SUP 1: 112.510 Low Aug 26 and Aug 28
*SUP 2: 112.430 Low Aug 22
*SUP 3: 112.429/410 Bull channel base drawn off May 6 low / Low Aug 7
*SUP 4: 112.385 High Jul 24
U9 Schatz rallied Friday through the 112.565/75 level to test the key resistance
and contract high of 112.600. The top of the bull channel drawn off the May 6
low, is at 112.669. A break of 112.600 would confirm a resumption of the uptrend
however, a strong band of resistance is likely within the 112.600/669 zone. On
the downside, the broader trend support is at 112.429 the channel base. Initial
support lies at 112.510.

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.