(M9) Looking For Direction *RES 4:.....>

SCHATZ TECHS: (M9) Looking For Direction

*RES 4: 112.105 High Dec 6 (continuation chart) 

*RES 3: 112.005 High March 27 

*RES 2: 111.995 High Apr 2,3 

*RES 1: 111.960 High Apr 26 

*PRICE: 111.920 @ 05:14 GMT Apr 30 

*SUP 1: 111.910 Low April 30

*SUP 2: 111.875/860 55-dma/Low Apr 15 

*SUP 3: 111.845 Low Mar 22 

*SUP 4: 111.795/785 Low Mar 19,20/Low Mar 7 

Schatz futures gave back much of last week's gains yesterday as the contract

edged back from Friday's highs. The outlook remains neutral for now with bears

looking for a break below the 55-dma/April 15 low at 111.875/860 to suggest a

topping pattern opening the March 22 low. Bulls look to take out Friday's high

at 111.960 to return the focus to the April 2,3 highs at 111.995. The ytd March

27 high sits just behind at 112.005.