(U0) Off Recent Highs *RES 4:..........>

SCHATZ TECHS: (U0) Off Recent Highs

*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

*PRICE: 112.085 @ 05:05 BST Jun 24

*SUP 1: 112.030 Low Jun 17 and the key near-term support

*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 have pulled back following a fresh high Monday. The outlook

remains bullish though. 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.