(U1) Bullish Theme

• RES 4: 112.385 2.236 proj of the Jun 22 - Jul 8 - Jul 13 price swing
• RES 3: 112.365 High Jan 27 (cont)
• RES 2: 112.360 2.00 proj of the Jun 22 - Jul 8 - Jul 13 price swing
• RES 1: 112.335 High Jul 27 and 1.764 of Jun 22 - Jul 8 - Jul 13 swing
• PRICE: 112.330 @ 05:09 BST Jul 28
• SUP 1: 112.245 Low Jul 21
• SUP 2: 112.210 Low Jul 20
• SUP 3: 112.180/150 Low Jul 16 / Low Jul 13
• SUP 4: 112.140 Low Jul 5 and 6

The Schatz futures outlook remains bullish and the contract continues to climb. The break on Jul 20 of resistance at 112.210, Jun 11 high strengthens a bullish case with the focus on 112.335 next, a Fibonacci projection (tested) and 112.365, Jan 27 high (cont). Recent gains have also established a bullish price sequence of higher highs and higher lows, the definition of an uptrend. On the downside, initial support is seen at 112.245, Jul 21 low.