(U0) Key Support Holds *RES 4:.........>

SCHATZ TECHS: (U0) Key Support 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: 112.075 @ 05:01 BST Jul 22

*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 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. This

support once again held Monday to ward off selling pressure. A deeper pullback

would open 112.009, 61.8% of the Jun 5 - 26 rally and potentially 111.975, Jun

11 low. For bulls, the resistance to break is 112.135, Jul 10 high.