(M0) Consolidates But Bullish Theme....>

SCHATZ TECHS: (M0) Consolidates But Bullish Theme Holds

*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: 112.220 High Apr 29

*PRICE: 112.185 @ 04:58 BST Apr 30

*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 probed resistance at 112.215, Apr 20 high. The outlook is 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 112.220, yesterday's high. Key support lies at 112.075.