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(Z0) Focus Is On Resistance

SCHATZ TECHS
  • RES 4: 112.335 2.500 proj of Aug 26 - 27 bounce from Aug 28 low
  • RES 3: 112.328 2.382 proj of Aug 26 - 27 bounce from Aug 28 low
  • RES 2: 112.325 High Sep 8 and 9
  • RES 1: 112.300 Intraday high
  • PRICE: 112.290 @ 04:26 BST Sep 14
  • SUP 1: 112.240 Low Sep 11
  • SUP 2: 112.210 Low Sep 10
  • SUP 3: 111.190 Low Sep 1
  • SUP 4: 112.185 Low Aug 26, 27 and 28 and major support

Schatz futures have re-established a bullish tone following last week's strong bounce off Thursday's low of 112.210 low. Attention is on key resistance at 112.325, Sep 8 and 9 high. A break of this hurdle would strengthen a bullish theme and pave the way for a climb towards 112.328 and 112.335, both Fibonacci projections. A deeper sell-off however and break of 112.210 would be bearish.

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