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(U18) 112.060 The Bar To Any Better....>

SCHATZ TECHS
SCHATZ TECHS: (U18) 112.060 The Bar To Any Better Recovery
*RES 4: 112.170 50% of 112.420/111.910
*RES 3: 112.150 Initial pullback low May 29, now resistanc
*RES 2: 112.110/120 38.2% of 112.420/111.910, May 31 high
*RES 1: 112.060 Jun 5 high
*PRICE: 112.040 @1510GMT
*SUP 1: 111.990 Hourly support
*SUP 2: 111.950 Initial rally high Jun 7, now support
*SUP 3: 111.910 May 23 high, Jun 7 low
*SUP 4: 111.880/890 76.4% of 111.710-112.420, May 21 high
*COMMENTARY* The 111.960-111.940 support finally gave way late on Wednesday,
which saw the focus switch to the congested 111.910-111.880 area. The fall was
held at 111.910 yesterday and as a consequence, became oversold in the near
term. Back above 111.960-111.970 helps but the 112.060 region is a tougher
proposition higher. In the meantime, 111.990-111.950 reverts to support and
protection against another move lower.

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