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(U9) Still below 112.60 *RES 4:........>

SCHATZ TECHS
SCHATZ TECHS: (U9) Still below 112.60
*RES 4: 112.637 Bull channel top drawn off the Jun 6 low
*RES 3: 112.610 2.00 projection of Jul 10 - 24 rally from Jul 26 low
*RES 2: 112.600 Contract high Aug 15, 16, 20 and 21
*RES 1: 112.565 High Aug 26
*PRICE: 112.545 @ 02:58 GMT Aug 27
*SUP 1: 112.510 Low Aug 26
*SUP 2: 112.430 Low Aug 22
*SUP 3: 112.410 Low Aug 7
*SUP 4: 112.397 Bull channel base drawn off the Jun 6 low
U9 Schatz failed yesterday to extend Friday's rally. Resistance at 112.555, the
Aug 22 and 23 high was probed Monday however a continued push higher is needed
to refocus attention on the contract high and key resistance of 112.600. The top
of the bull channel is at 112.637. Clearance of 112.600/631 is required to
confirm a resumption of the uptrend. On the downside, a break of 112.430 opens
the channel base at 112.397 and resumes the recent correction.

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