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(M0) Sharp Pullback *RES 4: 112 413....>

SCHATZ TECHS
SCHATZ TECHS: (M0) Sharp Pullback
*RES 4: 112 413 50.0% retracement of the Mar 9 - 25 sell-off
*RES 3: 112.400 High May 4 and key resistance
*RES 2: 112.370 High May 11
*RES 1: 112.270 High May 14, 15 and 18
*PRICE: 112.230 @ 04:56 BST May 18
*SUP 1: 112.120 Low May 18 and intraday low
*SUP 2: 112.090 Low Apr 28
*SUP 3: 112.075 Low Apr 23 and key near-term support
*SUP 4: 112.010 Low Apr 14
Schatz futures suffered a sharp sell-off yesterday extending the decline off the
May 4 high of 112.400. Further losses would expose112.075, Apr 23 low and if
this level gives way a deeper decline would be likely ahead of 111.965, Apr 9
low. On the upside, a move beyond the recent congestion highs of 112.270, May
14, 15 and 18 is needed to offset any bearish threats. This would open 112.4000
once again.

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