(M0) Bullish Breakout *RES 4:..........>

SCHATZ TECHS: (M0) Bullish Breakout

*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 Intraday high

*PRICE: 112.355 @ 05:06 BST May 4

*SUP 1: 112.270 High Mar 30 and key intraday support

*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 have again extended gains today. The move above this

former 122.270 resistance is an important bullish development and signals scope

for a stronger recovery near-term. The next objective is the 50% retracement of

the sell-off between Mar 9 - 25 at 112.413. On the downside, initial support

lies at 112.270, Mar 30 high ahead of the 112.215, Apr 20 high.