(M9) Momentum Fades Ahead of 21-DMA....>

SCHATZ TECHS: (M9) Momentum Fades Ahead of 21-DMA

*RES 4: 112.005 High March 27 

*RES 3: 111.995 High Apr 2,3 

*RES 2: 111.950 High Apr 10 

*RES 1: 111.922 21-dma 

*PRICE: 111.900 @ 05:20 GMT Apr 24

*SUP 1: 111.867/860 55-dma/Low Apr 15 

*SUP 2: 111.845 Low Mar 22 

*SUP 3: 111.795/785 Low Mar 19,20/Low Mar 7 

*SUP 4: 111.725 Low Mar 4 

Schatz futures were unable to capitalise on their break above down trendline

resistance as momentum stalled ahead of the 21-dma at 111.922. Bulls need to

take out this level to ignite upside momentum towards the April 10 high at

111.950 ahead of the April 2,3 highs at 111.995. Bears need a close below the

55-dma/April 15 low at 111.867/860 to extend the selloff to the march 22 low at

111.845.