(M4) Key Support Remains Exposed

• RES 4: 106.040 Low Feb 15
• RES 3: 106.010 High Mar 8 and the bull trigger
• RES 2: 105.790/875 High Mar 25 / 12
• RES 1: 105.672 20-day EMA
• PRICE: 105.590 @ 05:38 GMT Apr 10
• SUP 1: 105.490 Low Feb 29 / Apr 9 and the bear trigger
• SUP 2: 105.430 High Feb 20 (cont)
• SUP 3: 105.310 High Feb 26 (cont)
• SUP 4: 105.295 1.00 proj of the Aug 8 - Mar 18 - Mar 25 price swing

A downtrend in Schatz futures remains intact. Attention is on key support at 105.490, the Feb 29 low and bear trigger. A clear break of this level would resume the downtrend that started in December last year and open 105.430, the Feb 20 high (cont). Initial firm resistance is at 105.790, the Mar 25 high. A break would highlight scope for a stronger correction and expose key resistance at 106.010, the Mar 8 high. A breach of this level would be bullish.