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(M0) Looking For Gains *RES 4: 112.....>

SCHATZ TECHS
SCHATZ TECHS: (M0) Looking For Gains
*RES 4: 112 413 50.0% retracement of the Mar 9 - 25 sell-off
*RES 3: 112.400 High May 4
*RES 2: 112.370 High May 11
*RES 1: 112.270 High May 14 and 15
*PRICE: 112.230 @ 04:56 BST May 18
*SUP 1: 112.180 Low May 12
*SUP 2: 112.175 Low Apr 30 and key near-term support
*SUP 3: 112.145 Low Apr 29
*SUP 4: 112.090 Low Apr 28
Schatz continues to consolidate ahead of near-term key support at 112.180, May
12 low with support just below at 112.175, Apr 30 low also intact. Despite the
recent pullback, the outlook remains bullish. Futures traded higher Apr 30
resulting in a break of 112.270, Apr 30 high. This confirmed a bullish cycle and
a positive price sequence of higher highs and higher lows. Attention is on the
bull trigger at 112.400, May 4 high. A break of 112.175 would be bearish.

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