(M9) Failing to Bounce Higher *RES.....>

SCHATZ TECHS: (M9) Failing to Bounce Higher

*RES 4: 111.925 High Feb 8/Jan 29

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

*RES 2: 111.895 High Feb 26

*RES 1: 111.690/870 50-dma (continuation chart)/High Mar 8,12,13

*PRICE: 111.850 @ 15:56 GMT Mar 21

*SUP 1: 111.815 Low Mar 21

*SUP 2: 111.795/785 Low Mar 19, 20/ Low Mar 7

*SUP 3: 111.750 Low Mar 6

*SUP 4: 111.725 Low Mar 4

The near-term outlook for Schatz futures remains neutral, with the post-Fed

rally fading a little. The contract remains in its recent tight trading range.

Bulls need to break above the March 8,12,13 highs at 111.870 and 50-dma before

attempting a move to the Feb highs of 111.925. Bears initially need to take out

yesterday's low at 111.815 but the 111.795 level remains the key. Below here

would open the March 7 low at 111.785 ahead of the March 4 ytd low at 111.725.