(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: 112.170 High Jun 26

*PRICE: 112.160 @ 05:09 BST Jun 29

*SUP 1: 112.094 Low Jun 26

*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

Schatz futures traded to a fresh high once again Friday ending the week on a

firm note. The outlook remains bullish. Gains between Jun 8 - 15 signalled an

end to the prior downtrend and last week's strength reinforces the developing

bullish price sequence of higher highs and higher lows. 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.