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(U0) Trading Closer To Recent Lows.....>

SCHATZ TECHS
SCHATZ TECHS: (U0) Trading Closer To Recent Lows
*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: 112.045 @ 04:47 BST Jul 16
*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 failed recently to confirm a bullish tone and Monday'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.

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