(M9) Bulls Gather Conviction *RES 4:...>

SCHATZ TECHS: (M9) Bulls Gather Conviction

*RES 4: 112.107 38.2% 112.750 - 111.710

*RES 3: 112.035 October 2018 High

*RES 2: 112.015 January 2019 High

*RES 1: 112.005 Intraday High

*PRICE: 111.980 @ 16:34 GMT Mar 27

*SUP 1: 111.845 Low Mar 22

*SUP 2: 111.815 Low Mar 21

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

*SUP 4: 111.750 Low Mar 6

Schatz futures had easily the best session of the year Wednesday, showing north

of the 112 handle for the first time since early January. The 2019 highs become

the first target for bulls at 112.015 ahead of the October 2018 highs at

112.035. Bears initially need to take out Friday's low at 111.845 to return the

outlook neutral, while a break below the 111.795 level would shift the momentum

back to the downside.