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(U9) Uptrend extends *RES 4: 112.450...>

SCHATZ TECHS
SCHATZ TECHS: (U9) Uptrend extends
*RES 4: 112.450 Range breakout projection
*RES 3: 112.443 Bull channel top drawn off the May 10 low
*RES 2: 112.400 Round number resistance
*RES 1: 112.385 Contract high July 25
*PRICE: 112.340 @ 03:01 GMT July 25
*SUP 1: 112.230 Low Jul 22
*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. The contract high of 112.345 printed on Jul 3, was
breached yesterday and this confirms a resumption of the uptrend. The focus is
on 112.400. Momentum conditions are positive although there is the threat of
developing bearish divergence between price and momentum and will be monitored.
It is not necessarily a concern for bulls at this stage. Initial support lies at
112.230.

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