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(U9) Testing contract high *RES 4:.....>

SCHATZ TECHS
SCHATZ TECHS: (U9) Testing contract high
*RES 4: 112.450 Range breakout projection
*RES 3: 112.439 Bull channel top drawn off the May 10 low
*RES 2: 112.400 Round number resistance
*RES 1: 112.345 Contract high July 3 and high Jul 23
*PRICE: 112.335 @ 03:14 GMT July 24
*SUP 1: 112.285 Low Jul 19
*SUP 2: 112.260 Low Jul 18
*SUP 3: 112.235 Low Jul 16
*SUP 4: 112.220/210 Low Jun 19 and 21 / Low Jul 10 and key support
U9 Schatz is bullish and further upside is exp. The contract high of 112.345
printed on Jul 3, was tested yesterday. This level is the key bull trigger where
a break would confirm a resumption of the uptrend and open 112.400. Momentum
conditions are positive although there is the threat of developing bearish
divergence between price and momentum. This will be monitored, it is not
necessarily a concern for bulls just now. Initial support lies at 112.285.

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