(U18) Recovery Facing Familiar.........>

SCHATZ TECHS: (U18) Recovery Facing Familiar 112.060 Resistance Next

*RES 4: 112.140 50% Fibo of 112.420/111.860

*RES 3: 112.100 0.1% volatility band

*RES 2: 112.080 38.2% Fibo of 112.420/111.860

*RES 1: 112.060 Jun 5, Jun 8 highs

*PRICE: 112.040 @0805GMT

*SUP 1: 111.970/980 Hourly support

*SUP 2: 111.940 Jun 13 high, now support

*SUP 3: 111.910 Congestion area Jun 12-14

*SUP 4: 111.860 Jun 14 low

*COMMENTARY* The failure to move above 112.060 was again the catalyst for last

week's earlier fall below 111.910, into and below the congested 111.890-111.880

support area. A low of 111.860 before launching a recovery on the back of some

oversold conditions. Resistance from 112.000 has been breached, through should

allow a higher 112.060 bounce again. Above and 112.080-112.100 next. Meanwhile,

support rises to 111.980-111.940.