(U0) Needle Points North *RES 4:.......>

SCHATZ TECHS: (U0) Needle Points North

*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: 112.135 High Jul 1 and near-term bull trigger

*PRICE: 112100 @ 05:06 BST Jul 13

*SUP 1: 112.060 Low Jul 9

*SUP 2: 112.040 Low Jul 1 and 50.0% retracement of the rally between Jun 5 - 26

*SUP 3: 112.009 61.8% retracement of the rally between Jun 5 - 29

*SUP 4: 112.000 Round number support

Schatz futures maintain a bullish bias and Friday traded above 112.125, Jul 6

high to further reinforce bullish conditions. The recent bounce off the Jul 1

low of 112.040 signals the end of the move lower between Jun 26 - Jul 1 and has

defined a key support at 112.040. While this support remains intact, attention

is on a recovery towards 112.170, Jun 26 high. The next hurdle for bulls is

112.135, Jul 10 high and initial firm support is at 112.060, Thursday's low.