(M0) Bearish Focus Remains Intact......>

SCHATZ TECHS: (M0) Bearish Focus Remains Intact

*RES 4: 112.270 High May 14, 15 and 18

*RES 3: 112.181 50-day EMA

*RES 2: 112.140 High May 21 and 22 and key near-term resistance

*RES 1: 112.105 High May 26

*PRICE: 112.035 @ 05:17 BST May 27

*SUP 1: 112.025 Low May 26

*SUP 2: 112.010 Low Apr 14

*SUP 3: 111.965 Low May 9 low and a key support

*SUP 4: 111.925 May 25 low and major support

Schatz futures sold off again yesterday to confirm a resumption of the downtrend

that has been in place since peaking at 112.400 on Apr 5. The move lower

yesterday breached support at 112.070, May 20 low. This signals potential for an

extension lower towards 112.010 next, Apr 14 low and 111.965, Apr 9 low. Major

support lies just below at 111.925, the Mar 25 low. Key short-term resistance

has been defined at 112.140, May 21 and 22 high.