(U9) Focus on 112.220 support *RES.....>

SCHATZ TECHS: (U9) Focus on 112.220 support

*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: 112.250 @ 03:15 GMT July 10

*SUP 1: 112.240 Low Jul 9

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

*SUP 3: 112.160 Low Jun 19

*SUP 4: 112.149 Trendline support drawn off the May 10 low

U9 Schatz continues to correct lower. Attention is on the 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 correction that would open trendline support

currently at 112.149. This is also where the 50-day EMA lies. For bulls, a move

above 112.315 is required to open the key trigger at 112.345, the high of Jul 3.