(M4) Remains Above Support

• RES 4: 106.145 High Feb 15
• RES 3: 106.040 Low Feb 15
• RES 2: 106.010 High Mar 8 and the bull trigger
• RES 1: 105.790/875 High Mar 25 / 12
• PRICE: 105.680 @ 05:57 GMT Mar 27
• SUP 1: 105.515 Low Mar 15
• SUP 2: 105.490 Low Feb 29 and the bear trigger
• SUP 3: 105.430 High Feb 20 (cont)
• SUP 4: 105.310 High Feb 26 (cont)

A downtrend in Schatz futures remains intact, however, a S/T corrective cycle is in play and the contract remains above its recent low. A continuation higher would expose key resistance at 106.010, the Mar 8 high. A break of this level would be bullish. On the downside, a resumption of weakness would refocus attention on the bear trigger at 105.490, the Feb 29 low. Clearance of this level would resume the downtrend that started in December last year.