(M9) Bulls Target Yesterday's High.....>

SCHATZ TECHS: (M9) Bulls Target Yesterday's High To Break Downtrend

*RES 4: 112.005 High March 27 

*RES 3: 111.995 High Apr 2,3 

*RES 2: 111.950 High Apr 10 

*RES 1: 111.910 High Apr 17/downtrend resistance from March 27 high 

*PRICE: 111.895 @ 05:00 GMT Apr 18 

*SUP 1: 111.865/860 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 respect the Monday low/55-dma at 111.865/860, keeping

the outlook neutral for now. To reignite upside momentum bulls look to recover

yesterday's high at 111.910 which also marks down trendline resistance from the

March 27 high. Above here would open the April 10 high at 111.950 ahead of the

April 2,3 highs at 111.995. Bears need a close below the 55-dma to extend the

selloff to the march 22 low at 111.845.