(U0) Dips Likely A Pause In The........>

SCHATZ TECHS: (U0) Dips Likely A Pause In The Uptrend

*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: 112.145 High May 26

*RES 1: 112.135 High Jun 12

*PRICE: 112.045 @ 05:06 BST Jun 16

*SUP 1: 112.035 Low Jun 12

*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 futures traded higher yesterday however price stalled at the day high and

the contract has since pulled back. The move lower is likely a correction with a

bullish theme holding. Last week's gains signal an end to the recent downtrend,

and suggests scope for a stronger recovery. A break of yesterday's high of

112.135 would trigger a resumption of gains and open 112.180, May 22 high.

Initial firm support lies at Thursday's low of 111.975.