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Free Access(Z17) Bulls Need Close Above 112.180...>
SCHATZ TECHS: (Z17) Bulls Need Close Above 112.180
*RES 4: 112.230 Low Sept 8 & 11 now resistance
*RES 3: 112.207 100-DMA
*RES 2: 112.180 High Sept 25
*RES 1: 112.175 High Oct 3
*PREVIOUS CLOSE: 112.170
*SUP 1: 112.160 Hourly support Oct 3
*SUP 2: 112.135 Alternating hourly support/resistance
*SUP 3: 112.110 Low Oct 3
*SUP 4: 112.090 Low Sept 28
*COMMENTARY: Pressure returns to 112.180 resistance with bulls taking comfort in
support emerging on dips back towards 112.090. Bulls still need a close above
112.180 to confirm a break of the 21-DMA (112.167) and above 112.230 to confirm
initial focus back to 112.285 Sept highs. Layers of support are building with
bears now needing a close below 112.135 to ease pressure on resistance layers
and below 112.065 to reconfirm a bearish bias and target 111.985-112.015.
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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.