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Schatz: Holding Just Above Support

By BondsJan 30, 2013 06:06AM GMT
Schatz: Holding Just Above Support
By   |  Jan 30, 2013 06:06AM GMT

March Schatz ran in to resistance at 110.26/27 once again and failed for the second day holding just above 110.16/15 support. Below 110.125 today targets excellent support at 110.05 and although the market is not severely oversold there is a chance of a low for the week here. However a break could see 109.99/98 next.

If we can hold above 110.21/22 we can tackle resistance at 110.26/27 which could remain a struggle. Above here however 110.31/32 should see us top out if tested.
Schatz: Holding Just Above Support

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Schatz: Holding Just Above Support

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