(M9) 111.870 Cemented as Topside.......>

SCHATZ TECHS: (M9) 111.870 Cemented as Topside Resistance

*RES 4: 111.925 High Feb 8 (continuation chart)

*RES 3: 111.910 High Feb 19 (continuation chart)

*RES 2: 111.895/880 High Feb 26/50-dma (continuation chart)

*RES 1: 111.870 High Mar 8,12

*PRICE: 111.850 @ 05:40 GMT Mar 15

*SUP 1: 111.815 Low Mar 12

*SUP 2: 111.755 Low Mar 7

*SUP 3: 111.795 Low Mar 6

*SUP 4: 111.740 Low Mar 5

Schatz futures found little traction on Thursday, keeping the focus on near-term

topside resistance at the 111.870 level. A failure to break above here keeps the

outlook neutral. A close above 111.87 is needed to break above down trendline

resistance from the Jan 16 highs on the continuation chart and challenge the

50-dma and Feb 26 high. On the downside Tuesday's low at 111.815 is the near

term target, below which would bring the March 7 low at 111.755 back into play.