Technical Forecast for Schatz

Schatz did break lower but held just above the target of 110.36/35. Immediate resistance at 110.46 but above here resistance at 110.49/50 should be a challenge & could mark the high for the day. However on a break higher look for another selling opportunity at 110.54/55.

 

Support at 110.42/41 before 110.37/36 but failure here then risks a slide to good support at 110.29/28 for a buying opportunity.