(M9) May 9 High Remains The Upside.....>

SCHATZ TECHS: (M9) May 9 High Remains The Upside Target

*RES 4: 112.460 High May 29 (continuation chart) 

*RES 3: 112.135 High June 21, 2018 (continuation chart) 

*RES 2: 112.080 High Aug 15, 2018 (continuation chart) 

*RES 1: 112.025 High May 9 

*PRICE: 111.995 @ 04:55 GMT May 14 

*SUP 1: 111.975 Low May 13 

*SUP 2: 111.937/942 21-dma/Uptrend support from March 20 low 

*SUP 3: 111.894/890 55-dma/Low Apr 30 

*SUP 4: 111.860 Low Apr 15

Schatz futures failed to take out last Thursday's high at 112.025 yesterday but

the pullback has been shallow keeping the focus on the upside. A break above

this level would extend the broader rally and open the Aug 15 high at 112.080 on

the continuation chart. For bears a break below yesterday's low at 111.975 would

stabilise the outlook while a break below the 21-dma/uptrend support at

111.937/942 is needed to suggest a downside reversal.