(U9) Bulls still in the driving seat...>

SCHATZ TECHS: (U9) Bulls still in the driving seat

*RES 4: 112.669 5.618 Fibo swing projection of May 10-15 move from May 22 low

*RES 3: 112.549 4.618 Fibo swing projection of May 10-15 move from May 22 low

*RES 2: 112.429 3.618 Fibo swing projection of May 10-15 move from May 22 low

*RES 1: 112.345 Contract high July 3

*PRICE: 112.315 @ 03:15 GMT July 5

*SUP 1: 112.275 Low Jul 2

*SUP 2: 112.220 Low Jun 19 and 21 and key near-term support

*SUP 3: 112.160 Low Jun 19

*SUP 4: 112.136 Trendline support drawn off the May 10 low

U9 Schatz uptrend remains intact. Despite stalling at the contract high of

112.435 on Wednesday, the outlook remains positive for bulls. For now, 112.435

represents an important short-term resistance. A break would reinforce the

bullish significance of Wednesday's move above the former resistance at 112.325.

With the trend expected to extend, the focus is on a climb towards the 112.500

handle. Key support has been defined at 112.220.