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(U0) Bullish Price Structure *RES 4:...>

SCHATZ TECHS
SCHATZ TECHS: (U0) Bullish Price Structure
*RES 4: 112.202 76.4% projection of the Jun 5 - 15 rally from the Jun 17 low
*RES 3: 112.196 61.8% retracement of the May 4 - Jun 8 sell-off (cont)
*RES 2: 112.180 High May 22
*RES 1: 112.160 High Jun 25
*PRICE: 112.125 @ 05:06 BST Jun 26
*SUP 1: 112.055 Low Jun 24 and the key near-term support
*SUP 2: 112.030 Low Jun 17 and the the bear trigger
*SUP 3: 111.975 Low Jun 11
*SUP 4: 111.910 Low Jun 5 and Jun 8
Schatz futures traded to a fresh high yesterday above 112.155, Jun 22 high. The
outlook remains bullish. Gains between Jun 8 - 15 signalled an end to the prior
downtrend and yesterday's strength reinforces the developing bullish price
sequence of higher highs and higher lows. Scope is seen for a climb towards
112.180 next, May 22 high. Initial firm support has been defined at 112.055, Jun
24 low.

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