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Free Access(Z17) Rejected Ahead Of 112.230 *RES...>
SCHATZ TECHS: (Z17) Rejected Ahead Of 112.230
*RES 4: 112.230 Low Sept 8 & 11 now resistance
*RES 3: 112.215 High Oct 4
*RES 2: 112.195 Hourly support Oct 4a now resistance
*RES 1: 112.180 Hourly support Oct 4 now resistance
*PREVIOUS CLOSE: 112.170
*SUP 1: 112.155 Low Oct 4
*SUP 2: 112.135 Alternating hourly support/resistance
*SUP 3: 112.110 Low Oct 3
*SUP 4: 112.090 Low Sept 28
*COMMENTARY: Pressure on the 112.180 resistance took its toll with a pop above
the 100-DMA (112.199) only to be aggressively rejected ahead of the 112.230
resistance. Bulls need a close above 112.230 to confirm initial focus on retests
of 112.285 Sept highs. The contract is looking a little heavy with bears now
needing a close below 112.135 to gain breathing room and return initial focus to
112.065-090 where the 55-DMA (112.083) is situated.
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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.