(U0) Looking For A Break Higher

• 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: 112.030 @ 04:21 BST Jul 27
• 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 are trading in a range. Price stalled at 112.135 on Jul 10.
The subsequent sell-off highlighted a bearish risk breaching of 112.040,
Jul 1 low. The bounce early last week failed to develop into a stronger bull
run and bearish pressure dominated the latter stages of the week. A
break of support at 112.025, Jul 13 and 20 low, would risk a deeper sell
off and open 112.009, a Fibonacci retracement. Resistance is 112.120.