(U9) Pivot support at 112.210 *RES.....>

SCHATZ TECHS: (U9) Pivot support at 112.210

*RES 4: 112.345 Contract high July 3

*RES 3: 112.315 High Jul 4 and Jul 5

*RES 2: 112.293 61.8% retracement of the Jul 3-Jul 10 decline

*RES 1: 112.265 High Jul 10

*PRICE: 112.250 @ 02:53 GMT July 16

*SUP 1: 112.220/210 Low Jun 19 and 21 / Low Jul 10 and key support

*SUP 2: 112.166/160 Trendline support drawn off the May 10 low / Low Jun 19

*SUP 3: 112.154 50-day EMA

*SUP 4: 112.130 Low Jun 14

U9 Schatz holds above 112.210 support, just below the key 112.220 level. 61.8%

of the recent decline between Jul 3-Jul 10 is at 112.293. A break of this level

would reinforce a bullish theme and open the contract high of 112.345. Momentum

studies are bearish though suggesting the contract is vulnerable near-term.

However, a break of last Wednesday's low is required to trigger fresh weakness

and expose the trendline support drawn off the May 10 low, at 112.166.