(M9) Approaching YTD Highs *RES 4:.....>

SCHATZ TECHS: (M9) Approaching YTD Highs

*RES 4: 112.080 High Aug 15 (continuation chart) 

*RES 3: 112.015 High Jan 2 (continuation chart)

*RES 2: 112.005 High March 27 

*RES 1: 111.995 High Apr 2,3,8 

*PRICE: 111.985 @ 02:20 GMT May 9 

*SUP 1: 111.890/927 Low April 30/uptrend support from March 20 low 

*SUP 2: 111.886/860 55-dma/Low Apr 15 

*SUP 3: 111.845 Low Mar 22 

*SUP 4: 111.795/785 Low Mar 19,20/Low Mar 7 

Schatz futures extended their gains yesterday, toughing the April 2,3 highs at

111.995. A break above here is needed to target the March 27 ytd high which sits

just behind at 112.005. Above here would shift the focus back to the Jan 2 high

on the continuation chart. For bears a break below the April 30 low and uptrend

support at 111.890/927 is needed to regain momentum towards the 55-dma/April 15

low at 111.886/860.