(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.