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

SCHATZ TECHS: (M0) Bullish Theme 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: 112.170 @ 05:09 BST Apr 24

*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

The Schatz outlook remains unchanged despite a deeper pullback yesterday.

Futures found support last week at 119.965 and the outlook remains bullish. 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 this though, price

still needs to clear 112.270 resistance, Mar 30 high. Support lies at 112.075,

Apr 14 low. The initial bull trigger is 112.215.