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(U9) Key support at 112.210 *RES 4:....>

SCHATZ TECHS
SCHATZ TECHS: (U9) Key support at 112.210
*RES 4: 112.429 3.618 Fibo projection of May 10-15 rally from May 22 low
*RES 3: 112.345 Contract high July 3
*RES 2: 112.315 High Jul 4 and Jul 5
*RES 1: 112.265 High Jul 10
*PRICE: 112.240 @ 03:17 GMT July 15
*SUP 1: 112.210 Low Jun 19 and 21 / Low Jul 10 and key support
*SUP 2: 112.160 Low Jun 19
*SUP 3: 112.161 Trendline support drawn off the May 10 low
*SUP 4: 112.151 50-day EMA
U9 Schatz continues to find support at 112.210, just below the key 112.220
level. Momentum studies remain in a bear mode though suggesting the contract is
likely to stay vulnerable near-term. However, a break of last Wednesday's low is
required to trigger fresh weakness that would expose broader trendline support
drawn off the May 10 low, at 112.161. An ability to hold above 112.210 and
breach resistance at 112.315, would again open the 112.345 contract high.

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