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(U9) Consolidating *RES 4: 112.644.....>

SCHATZ TECHS
SCHATZ TECHS: (U9) Consolidating
*RES 4: 112.644 Bull channel top drawn off the Jun 6 low
*RES 3: 112.610 2.00 projection of Jul 10 - 24 rally from Jul 26 low
*RES 2: 112.600 Contract high Aug 15, 16, 20 and 21
*RES 1: 112.565 High Aug 26
*PRICE: 112.540 @ 02:50 GMT Aug 28
*SUP 1: 112.510 Low Aug 26
*SUP 2: 112.430 Low Aug 22
*SUP 3: 112.410 Low Aug 7
*SUP 4: 112.404 Bull channel base drawn off the Jun 6 low
U9 Schatz has been in a consolidative mood so far this week. Resistance at
112.555, the Aug 22 and 23 high was probed Monday however, a continued push
higher is needed to refocus attention on the contract high and key resistance of
112.600. The top of the bull channel is at 112.644. Clearance of 112.600/638 is
required to confirm a resumption of the uptrend. On the downside, a 112.430
break would open the channel base at 112.404, resuming the correction.

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