(M9) Recovery Extends *RES 4:..........>

SCHATZ TECHS: (M9) Recovery Extends

*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: 111.970 High May 7

*PRICE: 111.960 @ 05:17 GMT May 8 

*SUP 1: 111.890/917 Low April 30/uptrend support from March 20 low 

*SUP 2: 111.883/860 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 took out the April 26 highs yesterday to bring bulls one step

closer to the April 2,3 highs at 111.995 and the ytd March 27 high which sits

just behind at 112.005. For bears a break below the April 30 low and uptrend

support at 111.890/917 is needed to regain momentum towards the 55-dma/April 15

low at 111.883/860.