(M9) Downside Momentum *RES 4:.........>

SCHATZ TECHS: (M9) Downside Momentum

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

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

*RES 2: 111.895/876 High Feb 26/50-dma (continuation chart) 

*RES 1: 111.870 High Mar 8,12,13 

*PRICE: 111.815 @ 04:06 GMT Mar 19 

*SUP 1: 111.805 Low Mar 18 

*SUP 2: 111.785 Low Mar 7 

*SUP 3: 111.755 Low Mar 6 

*SUP 4: 111.725 Low Mar 4 

Schatz futures saw some renewed downside momentum yesterday as bears look to

target the early March lows. A break below yesterday's low at 111.805 would open

the march 7 low at 111.785 ahead of the March 4 ytd low at 111.725. Bulls need

to recover the 111.870 level to suggest a momentum shift back towards the 50-dma

and Feb 26 high on the continuation chart.