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(Z0) Recovery Intact

SCHATZ TECHS
  • RES 4: 112.342 2.618 proj of Aug 26 - 27 bounce from Aug 28 low
  • RES 3: 112.335 2.500 proj of Aug 26 - 27 bounce from Aug 28 low
  • RES 2: 112.328 2.382 proj of Aug 26 - 27 bounce from Aug 28 low
  • RES 1: 112.325 High Sep 8 and 9
  • PRICE: 112.280 @ 05:09 BST Sep 10
  • SUP 1: 112.265 Low Sep 3
  • SUP 2: 112.235 Low Sep 2
  • SUP 3: 111.190 Low Sep 1
  • SUP 4: 112.185 Low Aug 26, 27 and 28 and major support

Schatz futures have established a bullish tone following last week's strong rally but appear to be correcting for now. Last week's move resulted in a climb through the resistance area of 112.280, confirming a reversal off the Aug lows of 112.185, low Aug 26, 27 and 28. The break higher also confirms a double bottom reversal. Potential is seen for gains towards 112.328 next, a Fibonacci projection. Initial support is at 112.265, Sep 3 low.

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