(U0) Looking For A Break Higher *RES...>

SCHATZ TECHS: (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: 112.075 @ 04:42 BST Jul 24

*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 moving sideways. Price 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 again Monday and the contract recovered.

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.