(U0) Bullish Price Structure Intact....>

SCHATZ TECHS: (U0) Bullish Price Structure Intact

*RES 4: 112.202 76.4% projection of the Jun 5 - 15 rally from the Jun 17 low

*RES 3: 112.196 61.8% retracement of the May 4 - Jun 8 sell-off (cont)

*RES 2: 112.180 High May 22

*RES 1: 112.170 High Jun 26

*PRICE: 112.150 @ 05:09 BST Jun 30

*SUP 1: 112.105 Low Jun 25

*SUP 2: 112.055 Low Jun 24 and the key near-term support

*SUP 3: 112.030 Low Jun 17 and the the bear trigger

*SUP 4: 111.975 Low Jun 11

The current Schatz futures bullish cycle remains intact. Gains between Jun 8 -

15 signalled an end to the May - June downleg and last week's strength

reinforces the bullish price sequence of higher highs and higher lows. With

momentum studies also pointing north, scope is seen for a climb towards 112.180

next, May 22 high. Initial firm support has been defined at 112.055, Jun 24 low.

A break would undermine the bullish position.