(U0) Defines Support *RES 4: 112.180...>

SCHATZ TECHS: (U0) Defines Support

*RES 4: 112.180 High May 22

*RES 3: 112.170 High Jun 26 and key resistance

*RES 2: 112.135 High Jul 1 and near-term bull trigger

*RES 1: 112.110 High Jul 13

*PRICE: 112.095 @ 05:13 BST Jul 17

*SUP 1: 112.025 Low Jul 13

*SUP 2: 112.009 61.8% retracement of the rally between Jun 5 - 29

*SUP 3: 112.000 Round number support

*SUP 4: 111.975 Low Jun 11

Schatz futures stalled at 112.135 on Jul 110. Monday's pullback highlighted a

bearish risk following a breach of 112.040, Jul 1 low. Yesterday's bounce though

is a positive development with support defined at 112.025, Jul 13 low. A deeper

pullback would open 112.009, 61.8% of the rally between Jun 5 - 26 and

potentially 111.975, Jun 11 low. On the upside, a break of 112.135, Jul 10 high

would ease bearish concerns and open 112.170, Jun 26 high.