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(U9) Finds support off intraday low,...>

SCHATZ TECHS
SCHATZ TECHS: (U9) Finds support off intraday low, 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: 112.270 @ 03.08 GMT June 21
*SUP 1: 112.220 Low Jun 19
*SUP 2: 112.090 Trendline / Channel support drawn off May 10 low
*SUP 3: 112.035 Low June 6
*SUP 4: 111.995 Low May 22
U9 Schatz continues to find support off intraday pullbacks, the uptrend remains
intact. Tuesday's strong rally marks this week's key technical pattern. In
candlestick terms it was a standard line that represents a continuation pattern,
reinforcing the bullish outlook. Furthermore, a clear overall price sequence of
higher highs and higher lows dominates. Momentum is in overbought territory,
however at this stage this is not seen as a threat to bulls. 112.15 is support.

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