(M18) Correction Approaches A 61.8%....>

SCHATZ TECHS: (M18) Correction Approaches A 61.8% Retrace

*RES 4: 112.280 Hourly recovery high May 30

*RES 3: 112.220 Initial pullback low May 29, now resistance

*RES 2: 112.180 Hourly base May 30, now resistance

*RES 1: 112.150 Hourly resistance 

*PRICE: 112.100 @0835GMT

*SUP 1: 112.080 61.8% Fibo of 111.840-112.460

*SUP 2: 112.040 May 23 high, now support

*SUP 3: 112.020 May 22 high, now support

*SUP 4: 111.980/990 May 24 low, 76.4% of 111.840-112.460

*COMMENTARY* The one that has lost ground the quickest since Monday, now

approaching a 61.8% Fibo retrace of the 111.840-112.460 rise seen since May 15.

This is at 112.080 and currently protects against a further 112.040-112.020

fall. Resistance meanwhile, comes from 112.150 and then more importantly from

112.180. Will need back through here before any near term respite will be

forthcoming.