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: 112.189 Bollinger band top 
*RES 1: 112.185 High Oct 10
*PREVIOUS CLOSE: 112.165
*SUP 1: 112.125 Low Oct 9 
*SUP 2: 112.113 55-DMA 
*SUP 3: 112.105 Low Oct 6 
*SUP 4: 112.090 Low Sept 28
*COMMENTARY: Dips have found support ahead of the 55-DMA this week with the
contract managing a close above the 100-DMA (112.150) Thursday. Layers of
resistance remain 112.185-230. Bulls look for a close above 112.185 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 remains 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.