(U0) Focus Is On Gains *RES 4:.........>

SCHATZ TECHS: (U0) Focus Is On Gains

*RES 4: 112.196 61.8% retracement of the May 4 - Jun 8 sell-off (cont)

*RES 3: 112.180 High May 22

*RES 2: 112.170 High Jun 26 and key resistance

*RES 1: 112.130 High Jul 1 and intraday bull trigger

*PRICE: 112.110 @ 04:56 BST Jul 7

*SUP 1: 112.040 Low Jul 1 and 50.0% retracement of the rally between Jun 5 - 26

*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 are holding onto gains achieved late last week following the

strong bounce off the Jul 1 low of 112.040. The move higher has erased most of

the selling pressure seen Jul 1 and also defined a key support at 112.040. While

this support holds, attention is on a recovery towards 112.170, Jun 26 high. An

intraday break of resistance at 112.130, Jul 1 high would be constructive. On

the downside, sub 112.040 level would instead resume bearish pressure.