Free Trial

(Z18) Bulls Look To Take Out Oct 18....>

SCHATZ TECHS
SCHATZ TECHS: (Z18) Bulls Look To Take Out Oct 18 High
*RES 4: 112.130 High Jul 2 (continuation chart) 
*RES 3: 112.080 High Aug 13,15,17 (continuation chart) 
*RES 2: 112.050 Double bottom target (continuation chart) 
*RES 1: 112.010 High Oct 18 
*PREVIOUS CLOSE: 112.005
*SUP 1: 111.880 Low Oct 22 
*SUP 2: 111.871 55-dma 
*SUP 3: 111.745 Low Oct 11 
*SUP 4: 111.710 Low Sep 25,26,27 
Bulls came within touching distance of taking out last week's high at 112.010
yesterday and will look to take out this level today to extend gains towards the
double bottom target at 112.050. Bears need to break below Tuesday's low at
111.880 and the 55-dma, currently at 111.871, to open the Oct 11 low at 111.710
and return the focus to the downside.

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.