(U0) Heading South *RES 4: 112.115.....>

SCHATZ TECHS: (U0) Heading South

*RES 4: 112.115 High Jun 2 and key resistance

*RES 3: 112.070 High Jun 3

*RES 2: 112.015 High Jun 2 and key near-term resistance

*RES 1: 111.975 High Jun 3

*PRICE: 111.920 @ 04:59 BST Jun 8

*SUP 1: 111.910 Low Jun 5

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

*SUP 3: 111.880 Low Jan 21 YTD low (cont)

*SUP 4: 111.868 1.500 projection of May 22 - MAy 27 sell-off off Jun 2 high

Schatz futures remain bearish ending last week on a soft note. Bearish

conditions last week were reinforced following the breach of 112.015, May 27 low

that confirmed a resumption of the current downtrend. The move lower also

maintains a bearish price sequence of lower lows and lower highs that defines a

downtrend. Major support at 111.925, Mar 25 low (cont) has been probed. A clear

break would open 111.880. Resistance is at 112.015, May 27 low.