(U0) 112.040 MArks Pivotal Support.....>

SCHATZ TECHS: (U0) 112.040 MArks Pivotal Support

*RES 4: 112.196 61.8% retracement of the May 4 - Jun 8 sell-off (cont)

*RES 3: 112.180 High May 22

*RES 2: 112.170 High Jun 26

*RES 1: 112.130 High Jul 1

*PRICE: 112.095 @ 05:26 BST Jul 3

*SUP 1: 112.040 Low Jul 1 and 50.0% retracement of the rally between Jun 5 - 26

*SUP 2: 112.009 61.8% retracement of the rally between Jun 5 - 29

*SUP 3: 112.000 Round number support

*SUP 4: 111.975 Low Jun 11

Schatz futures sold off sharply Wednesday resulting in a breach of 112.055, Jun

24 low. This has defined a top at 112.170, Jun 26 high where a break is required

to reinstate a bullish outlook. Initial resistance though is at 112.040, Jul 1

high and a breach would mark a positive intraday development. Attention is on

112.040, Jul 1 low. For bulls to remain in charge, price needs to hold above

this level. A break would signal scope for a deeper sell-off.