(U0) Key Support At 112.025 Holds......>

SCHATZ TECHS: (U0) Key Support At 112.025 Holds

*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: 112.110 High Jul 13

*PRICE: 112.065 @ 04:54 BST Jul 21

*SUP 1: 112.025 Low Jul 13 and Jul 20

*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 following a breach of 112.040, Jul 1 low. Futures bounced late

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

Yesterday this support held off initial selling pressure once again. A deeper

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

111.975, Jun 11 low. For bull, the resistance to break is 112.135, Jul 10 high.