(M9) Fails to Hold 112 *RES 4:.........>

SCHATZ TECHS: (M9) Fails to Hold 112

*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: 111.960 @ 16:26 GMT Mar 28

*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

Despite breaking above the 112 handle on an intraday basis, Schatz futures

failed to close above, leading to a modest pullback in prices Thursday. The 2019

highs remain 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.