(M2) Trading At Its Recent Lows

• 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: 111.560/850 High Mar 11 / High Mar 9
• PRICE: 111.275 @ 05:17 GMT Mar 15
• SUP 1: 111.245 Low Mar 14 and the intraday low
• SUP 2: 111.240 Low Feb 23 and a key near-term support
• SUP 3: 111.145 Low Feb 4 and the bear trigger
• SUP 4: 111.100 Round number support

Schatz futures are trading at their recent lows. It is still possible that last week’s move lower is a correction although the break of support at 111.655, Mar 3 low, suggests potential for a deeper pullback. This has opened 111.240, the Feb 23 low and a key short-term support. On the upside, a strong recovery would signal the end of the current bear leg and refocus attention on the key resistance at 112.210.