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Free Access(Z1) Needle Still Points North
- RES 4: 112.475 High Nov 5 2020 (cont)
- RES 3: 112.450 High Dec 11 2020 (cont)
- RES 2: 112.415 High Aug 5 (cont) and a key resistance
- RES 1: 112.410 High Nov 15
- PRICE: 112.355 @ 05:21 GMT Nov 17
- SUP 1: 112.220 50-day EMA and key near-term support
- SUP 2: 112.100 Low Nov 3
- SUP 3: 112.050 Low Nov 2
- SUP 4: 111.945 Low Oct 28 and major support
Schatz futures remain in a short-term bull cycle. Recent gains and Monday's fresh high reinforces this. Resistance at 112.290, Sep 20 high has been breached and the break paves the way for strength towards 112.415 next, Aug 5 high (cont). A break of 112.415 would complete a 100.0% retracement of the Aug -Sep sell-off and open 112.450, Dec 11 2020 high (cont). 112.220, the 50-day EMA marks support.
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Why MNI
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of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.