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(U1) Still Defying Gravity

SCHATZ TECHS
  • RES 4: 112.450 High Dec 11, 2020 (cont)
  • RES 3: 112.412 2.50 proj of the Jun 22 - Jul 8 - Jul 13 price swing
  • RES 2: 112.400 2.382 proj of the Jun 22 - Jul 8 - Jul 13 price swing
  • RES 1: 112.385 2.236 proj of the Jun 22 - Jul 8 - Jul 13 price swing
  • PRICE: 112.370 @ 16:10 BST Aug 02
  • SUP 1: 112.325/285 Low Jul 28 / Low Jul 26
  • SUP 2: 112.245 Low Jul 21
  • SUP 3: 112.210 Low Jul 20
  • SUP 4: 112.180/150 Low Jul 16 / Low Jul 13

Schatz futures remain bullish and the contract continues to climb. The clear break on Jul 20 of resistance at 112.210, Jun 11 high established an uptrend. Further gains are favoured with the focus on 112.385 next, a Fibonacci projection. Recent gains have also established a bullish price sequence of higher highs and higher lows, the definition of an uptrend. Initial firm support is seen at 112.285, Jul 26 low.

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