Schatz Struggling At Strong Resistance
Jason Sen | May 28, 2014 02:58AM ET
Schatz struggling at strong resistance from January/February/March highs at 110.66 as expected and a high for the week is possible. A break above November highs at 110.67 would therefore be required to continue the bull run and target 110.71/72. Ona break higher however we could target 110.78/79.
Below 110.625 adds pressure for a test of good support at 110.60/59 which could hold the downside. Below here however, lastweek's low and 100 week moving average support at 110.57 is a buying opportunity.
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