Free Trial

(Z17) 112.110-112.090 Support After....>

SCHATZ TECHS
SCHATZ TECHS: (Z17) 112.110-112.090 Support After 112.180 Caps Rise
*RES 4: 112.250 0.1% volatility band
*RES 3: 112.230 Sep 8, Sep 11 lows, now resistance
*RES 2: 112.200 Sep 15 high
*RES 1: 112.180 Sep 25 high
*PRICE: 112.140 @1509GMT
*SUP 1: 112.110 Sep 21, Sep 22 highs, now support
*SUP 2: 112.090 Congestion area Sep 21-22
*SUP 3: 112.060 Sep 21 low
*SUP 4: 112.030 Aug 17 low, 0.1% volatility band
*COMMENTARY* The recovery from last week's 112.060 low continued, reaching
112.180 on Monday. As a result, last Thursday and Friday highs at 112.110 now
act as initial support, 112.090 an additional buffer below, ahead of that
112.060 level again. Directly through 112.180 and the rally can extend towards
112.200-112.230 next, as we reclaim some more of the losses sustained since the
month's earlier 112.280 high.

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.