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(U9) Bullish within the channel *RES...>

SCHATZ TECHS
SCHATZ TECHS: (U9) Bullish within the channel
*RES 4: 112.610 2.000 Fibo projection of Jul 10-Jul 24 rally from Jul 26 low
*RES 3: 112.581 Channel top drawn off June 6 low
*RES 2: 112.543 1.618 Fibo projection of Jul 10-Jul 24 rally from Jul 26 low
*RES 1: 112.540 Contract high Aug 12 and 13
*PRICE: 112.530 @ 03:16 GMT Aug 14
*SUP 1: 112.495 Low Aug 9,12 and 13
*SUP 2: 112.440 Low Aug 8
*SUP 3: 112.410 Low Aug 7
*SUP 4: 112.385 High Jul 24
U9 Schatz underlying uptrend remains intact. Despite being in overbought
territory, price action is expected to continue pushing higher with no real
bearish threat on the horizon just yet. The recent high has been just short of
the 112.543 objective, the 1.618 projection of the Jul 10-Jul 24 rally off the
Jul 276 low. A break would open 112.581/610. Initial support lies at 112.495
ahead of 112.440. Trendline support lies further away at 112.341.

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