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(M0) Uptrend Remains Intact *RES 4:....>

SCHATZ TECHS
SCHATZ TECHS: (M0) Uptrend Remains Intact
*RES 4: 112.470 High Mar 18
*RES 3: 112 413 50.0% retracement of the Mar 9 - 25 sell-off.
*RES 2: 112.400 High May 4
*RES 1: 112.360 High May 6
*PRICE: 112.285 @ 05:19 BST May 8
*SUP 1: 112.230 Yesterday's low
*SUP 2: 112.215 High Apr 20
*SUP 3: 112.175 Low Apr 30
*SUP 4: 112.075 Low Apr 23 and key support
Schatz outlook is unchanged and bullish. Futures traded higher Apr 30 resulting
in a print above 112.270, Apr 30 high. Despite pulling back this week from
Monday's high, a bullish theme remains in place. The move above 122.270 is an
important break defining a positive price sequence of higher highs and higher
lows. The next objective is 50% of the sell-off between Mar 9 - 25 at 112.413.
Initial support lies at 112.230 ahead of 112.215, Apr 20 high.

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