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(U9) Trigger for a trend resumption....>

SCHATZ TECHS
SCHATZ TECHS: (U9) Trigger for a trend resumption is 112.325 break
*RES 4: 112.549 4.618 Fibonacci swing proj of May 10-May 15 move from May 22 low
*RES 3: 112.429 3.618 Fibonacci swing proj of May 10-May 15 move from May 22 low
*RES 2: 112.325 Contract high Jun 18 and bull trigger
*RES 1: 112.295 High Jun 28
*PRICE: 112.270 @ 02:59 GMT July 1
*SUP 1: 112.220 Low Jun 19 and 21 and key near-term support
*SUP 2: 112.160 Low Jun 19
*SUP 3: 112.118 Trendline support drawn off the May 10 low
*SUP 4: 112.035 Low June 6
U9 Schatz remains in an uptrend. For now though, consolidation dominates. From a
trend perspective, the key resistance and bull trigger is the Jun 18 high of
112.325. A break of this level would confirm a resumption of the uptrend paving
the way for a climb towards the 112.500 handle. Initial support has been defined
at 112.220, the base of the current consolidation. A move below 112.220 would
expose a deeper pullback with trendline support at 112.118.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MarketsFixed Income News
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MarketsFixed Income News

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