Free Trial

(Z17) 112.200-230 Support Now Key......>

SCHATZ TECHS
SCHATZ TECHS: (Z17) 112.200-230 Support Now Key
*RES 4: 112.365 Monthly high Sept 5 (Cont) 
*RES 3: 112.285 Monthly high Sept 8 
*RES 2: 112.281 Daily Bull channel top A 
*RES 1: 112.260 High Oct 26
*PREVIOUS CLOSE: 112.250
*SUP 1: 112.230 High Oct 19 now support 
*SUP 2: 112.200 Alternating hourly support/resistance 
*SUP 3: 112.180 Hourly resistance Oct 24 now support 
*SUP 4: 112.154 55-DMA, Daily Bull channel base
*COMMENTARY: The daily bull channel base and 55-DMA confirmed significance and
provided the base for an aggressive rally and bullish close that sees immediate
focus on 112.260-285 where the inside bull channel top is noted. Bulls look for
a close above 112.285 to confirm focus on 112.365-414 where the outside bull
channel top is found. Bears now need a close below 112.230 to gain breathing
room and below 112.200 to return pressure to the 55-DMA and channel base.

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.