(M9) Bears Target 55-DMA To Extend.....>

SCHATZ TECHS: (M9) Bears Target 55-DMA To Extend Downtrend

*RES 4: 112.015 January 2019 High 

*RES 3: 112.005 High March 27 

*RES 2: 111.995 High Apr 2,3 

*RES 1: 111.950 High Apr 10 

*PRICE: 111.880 @ 05:04 GMT Apr 16 

*SUP 1: 111.862/860 55-dma/Low Apr 15 

*SUP 2: 111.845 Low Mar 22 

*SUP 3: 111.795/785 Low Mar 19,20/Low Mar 7 

*SUP 4: 111.725 Low Mar 4 

Schatz futures continue to trade heavy with bears now looking for a close below

the 55-dma at 111.862 to extend the selloff to the march 22 low. A break below

here would open the March 19,20 lows at 111.795 ahead of the March 4 low at

111.725. To regain the upper hand bulls target the April 10 high at 111.950. A

recovery through here would allow the focus to return tot he April 2,3 highs at

111.995 and the March 27 high at 112.005.