(M3) Watching Support

• RES 4: 106.695 High Mar 24
• RES 3: 106.315 High Mar 27
• RES 2: 106.190 High Apr 6 and key short-term resistance
• RES 1: 105.920 High Apr 11
• PRICE: 105.555 @ 05:42 BST Apr 13
• SUP 1: 105.490/105.465 Low Apr 12 / Low Mar 31
• SUP 2: 105.336 61.8% retracement of the Mar 9 - 20 rally
• SUP 3: 105.030 Low Mar 15
• SUP 4: 104.953 76.4% retracement of the Mar 9 - 20 rally

Schatz futures traded lower again Wednesday, however, price remains above the recent low of 105.465 (Mar 31) - for now. The contract has traded below support at the 20-day EMA - at 105.754. A continuation lower would expose 105.465 and a break of this bear trigger would strengthen a bearish threat. This would open 105.336, a Fibonacci retracement. On the upside, clearance of 106.190, the Apr 6 high, is required to reinstate a recent bullish theme.