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SCHATZ TECHS
SCHATZ TECHS: (U18) Continued Fall Has 111.940 Support Next
*RES 4: 112.150 Hourly base May 29, now resistance
*RES 3: 112.120 May 31 high
*RES 2: 112.060 Jun 5 high
*RES 1: 112.020/040 Hourly resistance 
*PRICE: 111.950 @1600GMT
*SUP 1: 111.940 May 28 low
*SUP 2: 111.910 May 23 high, now support
*SUP 3: 111.900 1.618 swing of 112.960-112.060
*SUP 4: 111.880/890 76.4% of 111.710-112.420, May 21 high
*COMMENTARY* The one that lost ground the quickest after last week's rise to
112.420, Friday's loss of the 61.8% Fibo level at 111.980, opening the potential
for a further 111.960-111.940 fall. Resistance meanwhile, comes from
112.020-112.040 and then more importantly from Tuesday's 112.060 high. Will need
back through here before any near term respite will be forthcoming. Below
111.940 and 111.910/111.900 protects key 111.890/111.880 area.

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