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(U9) Bulls in control *RES 4: 112.67...>

SCHATZ TECHS
SCHATZ TECHS: (U9) Bulls in control
*RES 4: 112.67 5.618 Fibonacci swing projection of 111.96-112.08 from 112.00
*RES 3: 112.55 4.618 Fibonacci swing projection of 111.96-112.08 from 112.00
*RES 2: 112.434 3.618 Fibonacci swing projection of 111.96-112.08 from 112.00
*RES 1: 112.325 Contract high, Jun 18
*PRICE: 112.290 @ 05.30 GMT June 19
*SUP 1: 112.160 Low Jun 18 and daily open
*SUP 2: 112.100 Trendline / Channel support drawn off May 10 low
*SUP 3: 112.035 Low June 6
*SUP 4: 111.995 Low May 22
U9 Schatz rallied sharply higher yesterday confirming a resumption of the
uptrend. Further upside is favoured following today's gains as the price
sequence of higher highs and higher lows extends. The RSI indicator has once
again entered overbought territory, however at this stage this overbought
reading is not seen as a threat to bulls. 112.15 marks initial support.

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