(U0) Extends This Weeks Recovery

• RES 4: 112.180 High May 22
• RES 3: 112.170 High Jun 26 and key resistance
• RES 2: 112.135 High Jul 10 and near-term bull trigger
• RES 1: 112.120 High Jul 22
• PRICE: 112.105 @ 05:25 BST Jul 30
• SUP 1: 112.020 Low Jul 27
• 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 have traded on a firmer note this week having found
support Monday at 112.020. This level marks a key short-term base. A
clear downside break would risk a deeper sell-off and open 112.009, a
Fibonacci retracement. On the upside, resistance is seen at 112.120, Jul
22 high where a break is required to open 112.135, Jul 10 high and
expose key resistance at 112.170, Jun 26 high, and the bull trigger.