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(M0) Hovering Below Recent Highs.......>

SCHATZ TECHS
SCHATZ TECHS: (M0) Hovering Below Recent Highs
*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 and bull trigger
*RES 1: 112.855 High Mar 12
*PRICE: 112.650 @ 05:06 GMT Mar 13
*SUP 1: 112.550 Low Mar 9
*SUP 2: 112.409 20-day EMA
*SUP 3: 112.390 Low Mar 4
*SUP 4: 112.320 Low Mar 3
Schatz near term conditions are unchanged and futures continue to trade below
Monday's 112.900 high. The strong uptrend has been in overbought territory for
some time and perhaps now we can consider scope for a much needed technical
correction. Attention is on Monday's 112.550 low where a break would open
112.390, the Mar 4 low ahead of support highlighted by the 20-day EMA at
112.409. Initial resistance this morning is at yesterday's 112.855 high.

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