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(U9) Focus on 112.600 contract high....>

SCHATZ TECHS
SCHATZ TECHS: (U9) Focus on 112.600 contract high
*RES 4: 112.677 2.382 projection of Jul 10 - 24 rally from Jul 26 low
*RES 3: 112.657 Bull channel top drawn off the Jun 6 low
*RES 2: 112.610 2.00 projection of Jul 10 - 24 rally from Jul 26 low
*RES 1: 112.600 Contract high Aug 15, 16, 20,21 and 30
*PRICE: 112.585 @ 04:13 GMT Sep 2
*SUP 1: 112.510 Low Aug 26 and Aug 28
*SUP 2: 112.430 Low Aug 22
*SUP 3: 112.422/410 Bull channel base drawn off May 6 low / Low Aug 7
*SUP 4: 112.385 High Jul 24
U9 Schatz rallied Friday clearing the 112.565/75 level to test the key
resistance and contract high of 112.600. The top of the bull channel drawn off
the May 6 low, is at 112.657. A break of 112.600 would confirm a resumption of
the uptrend however, a strong band of resistance is likely within the
112.600/657 zone. On the downside, the broader trend support is at 112.422 the
channel base. Initial support lies at 112.510.

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