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(M0) High Defined At 112.900 For Now...>

SCHATZ TECHS
SCHATZ TECHS: (M0) High Defined At 112.900 For Now
*RES 4: 113.000 Round number resistance
*RES 3: 113.918 1.236 projection of Mar '18 - Mar '19 rally from Jan 21 low 
*RES 2: 112.900 Contract high Mar 9
*RES 1: 112.685 Intraday high
*PRICE: 112.590 @ 05:20 GMT Mar 10
*SUP 1: 112.485 Low Mar 6
*SUP 2: 112.390 Low Mar 4
*SUP 3: 112.320 Low Mar 3
*SUP 4: 112302 20-day EMA
Schatz futures are trading lower this morning and off yesterday's 112.900 high.
The strong uptrend has been in overbought territory for some time and perhaps
now we can consider the start of a much needed technical correction. Attention
is on Friday's low of 112.485 where a break would open 112.390, the Mar 4 low
ahead of support highlighted by the 20-day EMA at 112.302. Initial resistance
this morning is at today's 112.685 intraday high.

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