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(M0) Support Defined At 112.515 *RES...>

SCHATZ TECHS
SCHATZ TECHS: (M0) Support Defined At 112.515
*RES 4: 113.918 1.236 projection of Mar '18 - Mar '19 rally from Jan 21 low
*RES 3: 112.900 Contract high Mar 9 and bull trigger
*RES 2: 112.855 High Mar 12
*RES 1: 112.745 High Mar 13
*PRICE: 112.690 @ 05:15 GMT Mar 16
*SUP 1: 112.515 Low Mar 13
*SUP 2: 112.431 20-day EMA
*SUP 3: 112.320 Low Mar 3
*SUP 4: 112.275 Low Feb 28
Schatz fell sharply Friday as the correction that unfolded last week extended.
Prices did find support at the day low having also traded fairly close to a key
short-term area of support at 112.431, the 20-day EMA. If the correction is
over, Friday's low of 112.515 would need to remain intact. The first key hurdle
for bulls is 112.745, Friday's high. A break would open 112.855. Sub 112.515
resumes bearish pressure.

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