(U0) Firmer Off Support *RES 4:........>

SCHATZ TECHS: (U0) Firmer Off Support

*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 @ 05:02 BST Jul 23

*SUP 1: 112.025 Low Jul 13 and Jul 20 and the key support

*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 10. The subsequent sell-off highlighted

a bearish risk breaching of 112.040, Jul 1 low. Futures however bounced late

last week to keep the contract above support at 112.025, Jul 13 low. This

support held once again Monday to ward off selling pressure and the contract has

also since traded higher. Attention is on resistance at 112.135, Jul 10 high

where a break would open 112.170, Jun 26 high. Key support is at 112.025.