(M0) Bullish Focus *RES 4: 112.470.....>

SCHATZ TECHS: (M0) Bullish Focus

*RES 4: 112.470 High Mar 18

*RES 3: 112 413 50.0% retracement of the Mar 9 - 25 sell-off.

*RES 2: 112.400 High May 4

*RES 1: 112.370 High May 11

*PRICE: 112.250 @ 05:05 BST May 12

*SUP 1: 112.230 Low May 7

*SUP 2: 112.215 High Apr 20

*SUP 3: 112.202 50-day EMA

*SUP 4: 112.175 Low Apr 30

Schatz traded sharply lower yesterday following a higher spike at the open.

Despite the pullback, the outlook remains bullish. Futures traded higher Apr 30

resulting in a break of 112.270, Apr 30 high. This confirmed a bullish theme and

a positive price sequence of higher highs and higher lows. The next objective is

50% of the sell-off between Mar 9 - 25 at 112.413. Initial support lies at

112.230 ahead of 112.215.