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(Z0) Corrective Week

SCHATZ TECHS
  • RES 4: 112.490 2.000 proj of Aug 26 - Sep 9 rally from the Sep 10 low
  • RES 3: 112.457 1.764 proj of Aug 26 - Sep 9 rally from the Sep 10 low
  • RES 2: 112.460 High Oct 19 / 20 and the bull trigger
  • RES 1: 112.440 High Oct 21 /22
  • PRICE: 112.400 @ 05:09 BST Oct 23
  • SUP 1: 112.390 Intraday low
  • SUP 2: 112.361 20-day EMA
  • SUP 3: 112.360 High Sep 21 and the recent breakout level
  • SUP 4: 112.340 Low Oct 14
Schatz futures are trading below recent highs. Pullbacks however are likely a correction following recent sharp gains and key resistance has been defined at 112.460, Oct 19 and 20 high. Attention is on support at 112.360, Sep 21 high and recent breakout level. The 20-day EMA intersects at 112.361. On the upside, clearance of 112.460, would resume the uptrend and open 112.490, a Fibonacci projection.

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