(U0) Bullish Price Structure *RES 4:...>

SCHATZ TECHS: (U0) Bullish Price Structure

*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: 112.155 High Jun 22

*PRICE: 112.115 @ 05:10 BST Jun 23

*SUP 1: 112.030 Low Jun 17 and the key near-term support

*SUP 2: 111.975 Low Jun 11

*SUP 3: 111.910 Low Jun 5 and Jun 8 and the bear trigger

*SUP 4: 111.887 1.382 projection of May 22 - May 27 sell-off off Jun 2 high

Schatz traded higher yesterday and maintains a bullish outlook. Gains between

Jun 8 - 15 signalled an end to the prior downtrend and suggest scope for a

stronger recovery near-term. The break of 112.135 yesterday, Jun 15 high has

opened 112.180 next, May 22 high. Initial firm support has been defined at

112.030, Jun 17 low. Clearance of this support would reverse the outlook and

expose 111.910, Jun 5 / 8 low.