(M9) Still Respecting The Uptrend......>

SCHATZ TECHS: (M9) Still Respecting The Uptrend

*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: 111.920 @ 05:04 GMT May 3 

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

*SUP 2: 111.877/860 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 continue to respect uptrend support from the March 20 lows which

coincides with the April 30 low at 111.890. This allows bulls to target Friday's

high at 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. For bears a break below uptrend

support would open the 55-dma/April 15 low at 111.877/860.