(U0) Looking For Gains *RES 4:.........>

SCHATZ TECHS: (U0) Looking For Gains

*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 and the bull trigger

*PRICE: 112.045 @ 05:01 BST Jun 19

*SUP 1: 112.030 Low Jun 17

*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 Monday however price stalled at the day high and

the contract has since pulled back. The move lower earlier this week is likely a

correction though with a bullish theme still intact. Last week's gains signal an

end to the recent downtrend, and suggest scope for a stronger recovery. A break

of Monday's 112.135 high would trigger a resumption of gains and open 112.180,

May 22 high. Initial firm support lies at 111.975, Jun 11 low.