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Bull Cycle Intact

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SCHATZ TECHS: (M0) Watching Support
*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
*PRICE: 112.235 @ 04:48 BST May 15
*SUP 1: 112.180 Low May 12
*SUP 2: 112.175 Low Mar 30
*SUP 3: 112.145 Low Mar 29
*SUP 4: 112.090 Low Apr 28
Schatz traded lower earlier this week but managed to recover off 112.180 Tuesday
leaving support at 112.175, Mar 30 low 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 theme and a positive price
sequence of higher highs and higher lows. Attention is on a climb towards the
bull trigger at 112.400, May 4 high. A break of 112.175 would be bearish.

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