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

SCHATZ TECHS: (U0) Focus Is On Gains

*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 and the bull trigger

*PRICE: 112.105 @ 05:30 BST Jun 25

*SUP 1: 112.055 Low Jun 24

*SUP 2: 112.030 Low Jun 17 and the key near-term support

*SUP 3: 111.975 Low Jun 11

*SUP 4: 111.910 Low Jun 5 and Jun 8 and the bear trigger

Schatz futures managed to find support yesterday. The outlook remains bullish.

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 Monday, 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.