(U9) Correcting lower *RES 4:..........>

SCHATZ TECHS: (U9) Correcting lower

*RES 4: 112.549 4.618 Fibo swing projection of May 10-15 move from May 22 low

*RES 3: 112.429 3.618 Fibo swing projection of May 10-15 move from May 22 low

*RES 2: 112.345 Contract high July 3

*RES 1: 112.315 High Jul 4 and Jul 5

*PRICE: 112.275 @ 03:07 GMT July 9

*SUP 1: 112.260 Low Jul 8

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

*SUP 3: 112.160 Low Jun 19

*SUP 4: 112.143 Trendline support drawn off the May 10 low

U9 Schatz continues to correct lower. Attention turns to key support at 112.220,

the Jun 19 and 21 lows. While this level holds, the current pullback is viewed

as a correction with the underlying bull trend intact. A break of 112.220 is

needed to expose a deeper sell-off that would open trendline support at 112.143.

This is also where the 50-day EMA lies. For bulls, the key trigger remains

112.345, the high of Jul 3. A break confirms a resumption of the uptrend.