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(U9) Consolidating *RES 4: 112.650.....>

SCHATZ TECHS
SCHATZ TECHS: (U9) Consolidating
*RES 4: 112.650 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: 112.544 @ 02:54 GMT Aug 30
*SUP 1: 112.510 Low Aug 26 and Aug 28
*SUP 2: 112.430 Low Aug 22
*SUP 3: 112.416/410 Bull channel base drawn off May 6 low / Low Aug 7
*SUP 4: 112.385 High Jul 24
U9 Schatz initial resistance has been defined at the 112.565/75 level where a
break is needed to open the contract high and key resistance of 112.600. The top
of the bull channel drawn off the May 6 low, is at 112.650. A break of 112.6000
would confirm a resumption of the uptrend however a strong band of resistance is
likely within the 112.600/656 zone. On the downside, the broader trend support
is at 112.416, the channel base. Initial support for today lies at 112.510.

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