(U18) Continued Fall Has...............>

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 Jun 5 high, hourly resistance 

*PRICE: 112.000 @0811MT

*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 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

112.060-112.080 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

support comes from 111.910 and then the key 111.890/111.880 area.