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(Z0) Approaching The Bull Trigger

SCHATZ TECHS
  • RES 4: 112.385 High Jul 30
  • RES 3: 112.383 1.236 proj of Aug 26 - Sep 9 rally from the Sep 10 low
  • RES 2: 112.360 High Sep 21 and the bull trigger
  • RES 1: 112.355 High Oct 13
  • PRICE: 112.345 @ 05:08 BST Oct 14
  • SUP 1: 112.298 20-day EMA
  • SUP 2: 112.255 Low Oct 7 and key trend support
  • SUP 3: 112.250 Low Sep 17
  • SUP 4: 112.240 Low Sep 11

Schatz futures remain firm following last week's rebound off 112.255, Oct 7 low. Resistance at 112.325, Oct 2 and 5 high was breached Monday, reinforcing the current positive tone and signalling scope for strength towards the 112.360 high from Sep 21. This level also marks the bull trigger. A breach would confirm a resumption of the broader uptrend and open 112.383, a Fibonacci Projection. Key trend support is at 112.255.

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