Free Trial

(Z17) 112.065 & 112.230 Levels Key.....>

SCHATZ TECHS
SCHATZ TECHS: (Z17) 112.065 & 112.230 Levels Key
*RES 4: 112.215 High Oct 4 
*RES 3: 112.195 Hourly support Oct 4a now resistance 
*RES 2: 112.180 Hourly support Oct 4 now resistance 
*RES 1: 112.165 High Oct 5
*PREVIOUS CLOSE: 112.145
*SUP 1: 112.140 Alternating hourly support/resistance 
*SUP 2: 112.105 Low Oct 6 
*SUP 3: 112.095 55-DMA 
*SUP 4: 112.090 Low Sept 28
*COMMENTARY: Topside and downside follow through were lacking last week as the
contract gravitated back towards the 112.140-180 region. Layers of resistance
remain 112.165-230. Bulls look for a close above 112.165 to gain breathing room
and above 112.230 to end bearish hopes and confirm initial focus on 112.285. The
112.065-105 support region is now key. Bears need a close below 112.065 to
confirm a bearish bias and initially target 111.985-112.015.

To read the full story

Close

Why MNI

MNI is the leading provider

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.