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(U9) Potential Ascending Triangle......>

SCHATZ TECHS
SCHATZ TECHS: (U9) Potential Ascending Triangle Pattern Forming
*RES 4: 112.320 High May 30 2018
*RES 3: 112.175 61.8% retracement from Sep2017-May2018
*RES 2: 112.210 Channel top from March 4 (continuation chart)
*RES 1: 112.145/150 High June 3/5/6, Resistance line from March 27 (continuation
chart)
*PRICE: 112.125 @ 03.56 GMT June 13
*SUP 1: 112.035/071 Low June 6, 21-dma
*SUP 2: 111.995/990 38.2% retracement Sep2018-May2018/Low May 22
*SUP 3: 111.975 Low May 13
*SUP 4: 111.950 Low May 8
U9 Schatz now forming a potential ascending triangle pattern on daily charts.
Needs to break above 112.145/150 level - contract high - to put bulls back in
control that opens up scope to channel top at 112.210 ahead of measured move to
112.255. Initial support is seen at 21-dma at 112.071.

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