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(M18) Correction Can Reach.............>

SCHATZ TECHS
SCHATZ TECHS: (M18) Correction Can Reach 112.150-112.110 Next
*RES 4: 112.410 Hourly recovery high May 29
*RES 3: 112.350 May 29 close
*RES 2: 112.320 Intraday high
*RES 1: 112.270/280 Hourly resistance 
*PRICE: 112.170 @1528GMT
*SUP 1: 112.170 May 29 low
*SUP 2: 112.150 50% Fibo of 111.840-112.460
*SUP 3: 112.110 1.618 swing of 112.220-112.410
*SUP 4: 112.080 61.8% Fibo of 111.840-112.460
*COMMENTARY* Finally found a top at 112.460 Tuesday, before pulling back to
112.220, which reduced the near term overbought conditions. Subsequently rallied
to 112.410 before losing ground again. Having lost 112.220 today, is currently
back testing Tuesday's 112.170 low. Any lower and the chance is seen for a
deeper 112.150-112.110 fall as we correct gains from the May 15 low at 111.840.
Resistance 112.270/112.280 and then the 112.320-112.350 opening gap today.

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