Schatz: Break Above 110.43 Is Positive
Jason Sen | Mar 26, 2014 04:24AM ET
Schatz beat 110.37 to hit our selling opportunity at 110.41/42. We topped exactly here and should struggle at this resistance again today. However a break above 110.43 is positive and targets 110.45/46.
Below 110.39 meets support at 110.35/34 which should hold the downside. However, if we continue lower look for a test of last week's low at 110.30/29 and a buying opportunity. Just be aware that a break below here keeps the market under pressure for 110.26 then December/January lows at 110.23/22.
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