(M2) Remains Below Monday’s High

• RES 4: 112.300 Round number resistance
• RES 3: 112.210 High Mar 7 and short-term key resistance
• RES 2: 112.015 High Mar 8
• RES 1: 111.850 High Mar 9
• PRICE: 111.630 @ 05:20 GMT Mar 10
• SUP 1: 111.590 Low Mar 9
• SUP 2: 111.435 Low Feb 28
• SUP 3: 111.240 Low Feb 23
• SUP 4: 111.145 Low Feb 4 and a key support

Schatz futures remain below Monday’s high and traded lower again yesterday. The pullback is, for now, considered corrective although the break of support at 111.655, Mar 3 low suggests potential for a deeper pullback. This has opened 111.435, the Feb 28 low. On the upside, a recovery would signal the end of this week’s move lower and refocus attention on key resistance at 112.210.