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(M18) 112.020 To Provide Clues As To...>

SCHATZ TECHS: (M18) 112.020 To Provide Clues As To Direction
*RES 4: 112.200 Dec 7 high, 0.2% volatility band
*RES 3: 112.110 May 25 high
*RES 2: 112.090 0.1% volatility band
*RES 1: 112.080 Intraday high
*PRICE: 112.060 @0738GMT
*SUP 1: 112.020 May 22 high, now support
*SUP 2: 111.980 May 24 low
*SUP 3: 111.950 May 22 low
*SUP 4: 111.940 May 4, May 10 highs, now support
*COMMENTARY* Friday's rise exceeded the anticipated 112.090 area, a brief rally
to 112.110, before being quickly reversed at the opening today and bringing us
back below the upper 0.1% volatility band. Now looking to the 112.020 region for
support and next clues as to direction. Meanwhile, 112.080-112.090 presents
initial resistance, ahead of a return to Friday's high.

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