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

SCHATZ TECHS
SCHATZ TECHS: (U9) Still Rangebound
*RES 4: 112.320 High May 30 2018
*RES 3: 112.175 61.8% retracement from Sep2017-May2018
*RES 2: 112.207 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: 112.110 @ 04.49 GMT June 11
*SUP 1: 112.035/062 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 remains rangebound having struggled for direction over the past few
sessions. Upside risks continue to prevail as the uptrend remains intact despite
running out of a bit of steam. Focus is on the recent contract high at 112.145
with a break above here opening up a move to the channel top at 112.207. Support
is at 112.035/062 (latter is the 21-dma).
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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