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(M0) Bullish Outlook Intact *RES 4:....>

SCHATZ TECHS: (M0) Bullish Outlook Intact
*RES 4: 112.297 38.2% retracement of the Mar 9 - 25 sell-off
*RES 3: 112.270 High Mar 30 and key resistance
*RES 2: 112.230 High Apr 1
*RES 1: 112.215 High Apr 20 and first bull trigger
*PRICE: 112.150 @ 05:04 BST Apr 29
*SUP 1: 112.075 Low Apr 23 and key intraday support
*SUP 2: 112.010 Low Apr 14
*SUP 3: 111.965 Low Apr 9
*SUP 4: 111.925 Low Mar 25 and bear trigger
Schatz futures maintain a consolidative tone. The outlook remains bullish while
support at 112.075, Apr 23 low remains intact. The pullback between Mar 30 - Apr
9 is considered a correction and the recovery off the Mar 25 low of 111.925 a
bullish development. To confirm a bullish price set-up though, clearance of the
key 112.270 resistance, Mar 30 high is required. The initial bull trigger is
112.215. A break of 112.075 support would be a concern for bulls.

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