(M9) Recovery Efforts Lack Momentum....>

SCHATZ TECHS: (M9) Recovery Efforts Lack Momentum

*RES 4: 112.035 October 2018 High 

*RES 3: 112.015 January 2019 High 

*RES 2: 112.005 High March 27 

*RES 1: 111.945 High Apr 4 

*PRICE: 111.915 @ 05:07 GMT Apr 9 

*SUP 1: 111.900 Pivot, Low Apr 5 

*SUP 2: 111.870 Low Mar 26 

*SUP 3: 111.845 Low Mar 22 

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

Schatz futures continue to trade just above the 111.900 pivot level but recovery

efforts have lacked momentum keeping the focus on the downside. Below here would

shift the outlook bearish opening the March 26 low at 111.870 ahead of the March

22 low at 111.845. To regain the upper hand bulls need to recover the April 4

high at 111.945 which would shift the focus back to the March 27 high at

112.005.