Free Trial

(Z17) Moving Towards 112.150 Support...>

SCHATZ TECHS
SCHATZ TECHS: (Z17) Moving Towards 112.150 Support As Pullback Continues
*RES 4: 112.310 Oct 30, Nov 6, 7 & 8 highs
*RES 3: 112.280 Nov 15, Nov 20 highs
*RES 2: 112.250 Nov 2, Nov 14, Nov 17 lows, now resistance
*RES 1: 112.230 Nov 28 high
*PRICE: 112.170 @0953GMT
*SUP 1: 112.150 Oct 25 low
*SUP 2: 112.120 Oct 11-Oct 12 lows
*SUP 3: 112.100 0.1% volatility band
*SUP 4: 112.060 Sep 21 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. This followed
by the loss of equally impressive 112.250-112.190 support, has opened the scope
for a return to the Oct 25 low at 112.150. This the brake to a further
112.120-112.100 fall. Meanwhile, 112.230 resistance now stands in the way of any
recovery efforts.

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.