(M9) Testing Uptrend Support *RES 4:...>

SCHATZ TECHS: (M9) Testing Uptrend Support

*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: 111.915 @ 05:14 GMT May 2

*SUP 1: 111.891 Low April 30/uptrend support from March 20 low 

*SUP 2: 111.875/860 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 touched uptrend support from the March 20 lows yesterday before

recovering some losses to keep the uptrend intact. The outlook remains neutral

for now with bulls looking to take out 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 111.875/860.