(M9) Downtrend Intact *RES 4:..........>

SCHATZ TECHS: (M9) Downtrend Intact

*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: 111.890 @ 05:08 GMT Apr 17

*SUP 1: 111.864/860 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 remain in their downtrend from the March 27 high, with bears

continuing to focus on the Monday low/55-dma at 111.864/860. A break below here

would extend the selloff to the march 22 low ahead of the March 19,20 lows at

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

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

111.995 and the March 27 high at 112.005.