(M0) Focus Is On Gains *RES 4:.........>

SCHATZ TECHS: (M0) Focus Is On Gains

*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: 112.175 @ 04:58 BST Apr 27

*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 is unchanged and remains bullish. Futures found support last

week at 112.075 signalling a resumption of strength. 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 the key 112.270 resistance, Mar 30 high. Support lies at 112.075, Apr 14

low. The initial bull trigger is 112.215.