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

SCHATZ TECHS
SCHATZ TECHS: (U9) Bulls still 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: 112.305 @ 03.30 GMT June 20
*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 uptrend remains intact. Tuesday's gains and yesterday's bounce off the
day's low clearly highlights bullish conditions. Furthermore, a clear overall
price sequence of higher highs and higher lows dominates. This is the standard
definition of an uptrend. 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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