(U18) Focus Continues Lower As.........>

SCHATZ TECHS: (U18) Focus Continues Lower As 112.000-111.990 Gives Way

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

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

*RES 2: 112.080 Jul 6 high

*RES 1: 112.040 Jul 18, Jul 20 highs

*PRICE: 111.970 @1540GMT

*SUP 1: 111.970 Jun 18 low, 61.8% Fibo of 111.860-112.140 

*SUP 2: 111.930 76.4% Fibo of 111.860-112.140

*SUP 3: 111.900 0.1% volatility band

*SUP 4: 111.860 Jun 14 low

*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, 112.000-111.990 support has been lost today, leaving

111.970-111.930 as next targets below. Nearest resistance 112.040.