(U0) Reverses Higher *RES 4: 112.180...>

SCHATZ TECHS: (U0) Reverses Higher

*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: 112.070 High Jun 11

*PRICE: 112.040 @ 05:00 BST Jun 12

*SUP 1: 111.975 Low Jun 11

*SUP 2: 111.910 Low Jun 5 and Jun 8 and the bear trigger

*SUP 3: 111.887 1.382 projection of May 22 - May 27 sell-off off Jun 2 high

*SUP 4: 111.880 Low Jan 21 YTD low (cont)

Schatz futures rallied sharply higher yesterday signalling 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 break of this

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

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

bearish risk and open the bear trigger at 111.910.