(M9) 111.870 Is Key *RES 4: 111.925....>

SCHATZ TECHS: (M9) 111.870 Is Key

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

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

*RES 2: 111.895/881 High Feb 26/50-dma (continuation chart) 

*RES 1: 111.870 High Mar 8,12 

*PRICE: 111.860 @ 04:23 GMT Mar 14 

*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 tried once again to overcome the 111.870 level yesterday but

failed keeping the near term outlook neutral. A close above this level 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.