(U0) Trades Through Support *RES 4:....>

SCHATZ TECHS: (U0) Trades Through Support

*RES 4: 112.180 High May 22

*RES 3: 112.170 High Jun 26 and key resistance

*RES 2: 112.135 High Jul 1 and near-term bull trigger

*RES 1: 112.110 High Jul 13

*PRICE: 112.070 @ 04:45 BST Jul 14

*SUP 1: 112.025 Low Jul 13

*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 have failed thus far to deliver a bullish result and yesterday's

pullback highlights a bearish risk following a breach of the former support at

112.040, Jul 1 low. A deeper pullback would open 112.009, 61.8% of the rally

between Jun 5 - 26 and potentially 111.975, Jun 11 low. On the upside, a break

of resistance at 112.135, Jul 10 high is required to ease bearish concerns. This

would refocus attention on 112.170, Jun 26 high.