Free Trial

(Z17) Awaiting 112.250-112.310 Break...>

SCHATZ TECHS
SCHATZ TECHS: (Z17) Awaiting 112.250-112.310 Break For Direction
*RES 4: 112.410 Equality rise from 112.250
*RES 3: 112.380 0.1% volatility band
*RES 2: 112.350 38.2% Fibo of 113.310-111.760
*RES 1: 112.310 Oct 30, Nov 6, 7 & 8 highs
*PRICE: 112.250 @0731GMT
*SUP 1: 112.250 Nov 1, Nov 2, Nov 13, 14 & 17 lows
*SUP 2: 112.220 Oct 4 high, now support
*SUP 3: 112.190 Hourly basing area Oct 18-19
*SUP 4: 112.150 Oct 25 low
*COMMENTARY* The 112.310 area became a problem for the recent rally, being
halted here on several occasions in the early part of the month. That said, will
need to lose equally impressive 112.250 support, before there is scope to see
some correction of gains from the 112.150 low of Oct 25. This would allow a
gradual 112.220-112.190 fall next. A successful challenge and break of that
112.310 level will target 112.350 next.

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.