(U0) Focus Is On Gains *RES 4:.........>

SCHATZ TECHS: (U0) Focus Is On Gains

*RES 4: 112.180 High May 22

*RES 3: 112.145 High May 26

*RES 2: 112.115 High Jun 2 and key resistance

*RES 1: 112.110 High Jun 12

*PRICE: 112.100 @ 05:17 BST Jun 15

*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 again Friday. Last week's gains signal a potential

end to the recent downleg, and suggests scope for a stronger near-term recovery.

A continued push higher would open 112.115, Jun 2 high next. A breach of this

level, if seen, would expose 112.180, May 22 high. On the downside, initial firm

support lies at Thursday's low of 111.975. A break is required to reinstate a

bearish risk and open the bear trigger at 111.910.