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

SCHATZ TECHS: (M0) Focus Still 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: 112.115 @ 04:58 BST Apr 28

*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 despite the pullback

yesterday. Futures found support last week at 112.075 signalling a potential

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 needs to clear the key 112.270 resistance, Mar 30

high. Support is at 112.075, Apr 14 low. The initial bull trigger is 112.215.