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(Z0) Clears The Bull Trigger

SCHATZ TECHS
  • RES 4: 112.403 1.382 proj of Aug 26 - Sep 9 rally from the Sep 10 low
  • RES 3: 112.400 High May 4 (cont)
  • RES 2: 112.383 1.236 proj of Aug 26 - Sep 9 rally from the Sep 10 low
  • RES 1: 112.375 High Oct 14
  • PRICE: 112.370 @ 05:17 BST Oct 15
  • SUP 1: 112.340 Low Oct 14
  • SUP 2: 112.305 20-day EMA
  • SUP 3: 112.255 Low Oct 7 and key trend support
  • SUP 4: 112.250 Low Sep 17

Schatz futures remain firm following last week's rebound off 112.255, Oct 7 low and this week's extension higher. Resistance at 112.360, Sep 21 high high was breached yesterday, reinforcing the current positive tone and this confirms a resumption of the broader uptrend. The move higher has opened 112.383, a Fibonacci Projection. Moving average studies are in a bull mode reinforcing current conditions. Initial support is at 112.340, yesterday's low.

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