Free Trial

(Z17) 112.230-240 Support Now Key......>

SCHATZ TECHS
SCHATZ TECHS: (Z17) 112.230-240 Support Now Key
*RES 4: 112.455 Low Apr 12 now resistance (Cont) 
*RES 3: 112.414 Daily Bull channel top 
*RES 2: 112.365 Monthly high Sept 5 (Cont) 
*RES 1: 112.315 High Oct 27
*PREVIOUS CLOSE: 112.285
*SUP 1: 112.275 Hourly resistance Oct 27 now support 
*SUP 2: 112.240 Low Oct 27 
*SUP 3: 112.230 High Oct 19 now support 
*SUP 4: 112.200 Alternating hourly support/resistance
*COMMENTARY: The daily bull channel base and 55-DMA confirmed significance and
provided the base for an aggressive rally that continued Friday with bulls now
focused on 112.365-455 where the bull channel top and monthly highs are noted.
Layers of support accumulating adds to bullish confidence. Bears now look for a
close below 112.275 to ease immediate bullish pressure and below 112.230 to
shift focus to 112.158-190 where the channel base and 55-DMA are found.

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.