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SCHATZ TECHS: (U18) Continued Fall Has 111.960-111.940 Support Next
*RES 4: 112.220 Initial pullback May 29, now resistance
*RES 3: 112.150 Hourly low May 29, now resistance
*RES 2: 112.120 May 31 high
*RES 1: 112.060/080 Hourly resistance
*PRICE: 112.050 @1525GMT
*SUP 1: 111.960 Jun 1 low
*SUP 2: 112.940 May 28 low
*SUP 3: 111.910 May 23 high, now support
*SUP 4: 111.880/890 76.4% of 111.710-112.420, May 21 high
*COMMENTARY* The one that has lost ground the quickest since 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
112.060-112.080 and then more importantly from 112.120. Will need back through
here before any near term respite will be forthcoming. Below 111.940 and next
key support comes from 111.890/111.880.