(U18) 112.140 Cap Sees Focus Return....>

SCHATZ TECHS: (U18) 112.140 Cap Sees Focus Return Lower

*RES 4: 112.140 50% Fibo of 112.420/111.860, Jun 21 high

*RES 3: 112.100/110 Congestion area Jun 22-Jul 4

*RES 2: 112.080 Jul 6 high

*RES 1: 112.040/050 Hourly resistance

*PRICE: 112.000 @0734GMT

*SUP 1: 111.990 Jul 20 low

*SUP 2: 111.970 Jun 18 low, 61.8% Fibo of 111.860-112.140 

*SUP 3: 111.930 76.4% Fibo of 111.860-112.140

*SUP 4: 111.910 0.1% volatility band

*COMMENTARY* 112.140 has continued to frustrate rallies, having capped the rise

from last month's dip to 111.860. As well as a 50% Fibo retrace, this is also an

equality move from 111.970 to the prior 111.860-112.030 rally. Will need to find

the strength to break this triple resistance area, or risk the chance of a

setback. Meanwhile, 112.060-112.030 support has been lost, leaving

112.000-111.990 as the protection against a 111.970-111.930 drop.