(M9) Looking Toppy *RES 4: 111.925....>

SCHATZ TECHS: (M9) Looking Toppy 

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

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

*RES 2: 111.895/878 High Feb 26/50-dma (continuation chart) 

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

*PRICE: 111.830 @ 05:10 GMT Mar 18 

*SUP 1: 111.815 Low Mar 12 

*SUP 2: 111.755 Low Mar 7 

*SUP 3: 111.795 Low Mar 6 

*SUP 4: 111.740 Low Mar 5 

Schatz futures failed to break out into a higher range last week with the

111.870 level providing stiff resistance and shifting the near term focus to the

downside. Bears now need a close below the March 12 low at 111.815 to gain the

upper hand and bring the March 7 low at 111.755 back into play. For bulls a

close above the March 8,12,13 highs at 111.870 level would break down trendline

resistance from the Jan 16 highs on the continuation chart.