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(U9) Key support lies at 112.210.......>

SCHATZ TECHS
SCHATZ TECHS: (U9) Key support lies at 112.210
*RES 4: 112.429 3.618 Fibo swing projection of May 10-15 move 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: 112.235 @ 03:30 GMT July 12
*SUP 1: 112.210 Low Jul 10 and key support
*SUP 2: 112.160 Low Jun 19
*SUP 3: 112.157 Trendline support drawn off the May 10 low
*SUP 4: 112.147 50-day EMA
U9 Schatz has thus far found support at 112.210, just below the key 112.220
level. Momentum studies continue to point south suggesting the contract remains
vulnerable near-term. However a break of Wednesday's low is required to trigger
fresh weakness that would expose broader trendline support drawn off the May 10
low, at 112.157. 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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