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(M0) Heading South *RES 4: 112.900...........>

SCHATZ
SCHATZ: (M0) Heading South
*RES 4: 112.900 Contract high Mar 9 and bull trigger
*RES 3: 112.855 High Mar 12
*RES 2: 112.745 High Mar 13
*RES 1: 112.585 High Mar 17
*PRICE: 112.450 @ 05:09 GMT Mar 18
*SUP 1: 112.400 Intraday low
*SUP 2: 112.390 Low Mar 4
*SUP 3: 112.320 Low Mar 3
*SUP 4: 112.255 50-day EMA
Schatz remains softer as the correction that unfolded last week extends. Price
has breached an initial key area of support around the 112.448 level, the 20-day
EMA. The breach suggests scope for a deeper pullback and opens 112.390, the Mar
4 low and potentially the 112.255 level, the 50-day EMA. On the upside, firm
resistance is seen at 112.745, Mar 13 high. Initial resistance is at yesterday's
112.585 high.

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