(M9) Recovery Extends Towards April....>

SCHATZ TECHS: (M9) Recovery Extends Towards April Highs

*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: 111.960 High Apr 26

*PRICE: 111.945 @ 05:27 GMT Apr 29 

*SUP 1: 111.928 21-dma

*SUP 2: 111.874/860 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 registered new recovery highs on Friday with bulls now looking to

take out 111.960 to return the focus to the April 2,3 highs at 111.995. The ytd

March 27 high sits just behind at 112.005. Bears need a close below the 21-dma

at 111.928 to stabilise the outlook and open the 55-dma/April 15 low at

111.872/860. Below here would shift the outlook negative and target the march 22

low at 111.845.