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(M0) Bullish Breakout Likely To........>

SCHATZ TECHS
SCHATZ TECHS: (M0) Bullish Breakout Likely To Extend
*RES 4: 112.482 1.500 projection of the Mar 25 - 30 rally from Apr 9 low
*RES 3: 112.470 High Mar 18
*RES 2: 112 413 50.0% retracement of the Mar 9 - 25 sell-off.
*RES 1: 112.400 High May 4
*PRICE: 112.295 @ 04:56 BST May 5
*SUP 1: 112.255 Low May 4
*SUP 2: 112.215 High Apr 20
*SUP 3: 112.175 Low Apr 30
*SUP 4: 112.075 Low Apr 23 and key support
Schatz futures traded sharply higher Thursday resulting in a print above
112.270, Apr 30 high and yesterday extended the rally. Despite pulling back from
yesterday's high though, a bullish theme remains in place. The move above
122.270 is an important break and signals scope for a stronger recovery. The
next objective is 50% of the sell-off between Mar 9 - 25 at 112.413. Initial
support lies at 112.255, May 4 low ahead of the 112.215, Apr 20 high.

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