(U0) Bearish Theme Intact *RES 4:......>

SCHATZ TECHS: (U0) Bearish Theme Intact

*RES 4: 112.160 High May 19 (cont)

*RES 3: 112.140 High May 21 and 22 (cont)

*RES 2: 112.115 High Jun 2 and key near-term resistance

*RES 1: 112.070 High Jun 3

*PRICE: 112.030 @ 05:10 BST Jun 4

*SUP 1: 112005 Intraday low

*SUP 2: 111.965 Low May 9 (cont)

*SUP 3: 111.925 May 25 low and major support (cont)

*SUP 4: 111.920 Low Jan 24 (cont)

Schatz futures outlook remains bearish. The contract traded lower yesterday and

breached support at 112.010 to confirm a resumption of the current downtrend.

The move lower maintains a bearish price sequence of lower lows and lower highs

that defines a downtrend. This has opened 111.965, Apr 9 low (cont) ahead of

major support at 111.925, Mar 25 low (cont). A break of the latter would

strengthen a bearish argument. Key resistance is 112.115, Jun 2 high.