Technical forecast for Schatz

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Schatz above 110.46 meets resistance at 110.49. This 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 only just held the downside & could do so again today. However on a break lower look for 110.37/36. Failure here then risks a slide to good support at 110.29/28 for a buying opportunity.

Jason Sen began his career in the options pits on the trading floor of LIFFE in 1987 at the age of 19, making markets on his own account. In 2001 when the trading floor closed he successfully made the transition to day trading on computer screens. Jason always had an interest in technical analysis throughout his trading career but began to study this area in depth from 2006. www.daytradeideas.com has established itself as the leading provider of... More