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(U9) Still consolidating *RES 4:.......>

SCHATZ TECHS
SCHATZ TECHS: (U9) Still consolidating
*RES 4: 112.650 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: 112.540 @ 03:05 GMT Aug 29
*SUP 1: 112.510 Low Aug 26 and Aug 28
*SUP 2: 112.430 Low Aug 22
*SUP 3: 112.410 Low Aug 7
*SUP 4: 112.410 Bull channel base drawn off the Jun 6 low
U9 Schatz maintains a consolidative tone. Resistance at 112.555, the Aug 22 and
23 highs 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 112.650. Clearance of 112.600/650 is required to confirm a
resumption of the uptrend. On the downside, a 112.430 break would signal a
resumption of the correction and open the channel base at 112.414.

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