(U18) Triple Resistance From 112.140...>

SCHATZ TECHS: (U18) Triple Resistance From 112.140 Still Proving Tough

*RES 4: 112.210 61.8% Fibo of 112.420/111.860

*RES 3: 112.200 0.1% volatility band

*RES 2: 112.180 1.618 swing of 112.140-112.080

*RES 1: 112.140 50% Fibo of 112.420/111.860, Jun 21 high

*PRICE: 112.070 @1550GMT

*SUP 1: 112.050/060 Intraday low, Jun 5, Jun 8 highs, 

*SUP 2: 112.030 Jun 15 high, now support

*SUP 3: 112.000 Jun 20 low

*SUP 4: 111.970 Jun 18 low

*COMMENTARY* 112.140 has continued to frustrate rallies, having capped the rise

from last month's dip to 111.86. 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, before the chance of

extending gains toward 112.180-112.210. Support comes from around the early June

highs at 112.060 and then 112.030. Loss of the latter would concern now.