(M9) Upside Break Continues *RES 4:....>

SCHATZ TECHS: (M9) Upside Break Continues

*RES 4: 112.460 High May 29 (continuation chart)

*RES 3: 112.135 High June 21, 2018 (continuation chart)

*RES 2: 112.095 High May 15

*RES 1: 112.080 High Aug 15, 2018 (continuation chart)

*PRICE: 112.070 @ 05:45 GMT May 16

*SUP 1: 111.975 Low May 13

*SUP 2: 111.955/929 21-dma/Uptrend support from March 20 low

*SUP 3: 111.902/890 55-dma/Low Apr 30

*SUP 4: 111.860 Low Apr 15

Schatz futures fresh cycle yesterday as the rally gains momentum. Bulls now look

for a close above the Aug 15 high at 112.080 on the continuation chart and

yesterday's high of 112.095 ahead of the June 21 highs at 112.135. For bears, a

break below Monday's low at 111.975 would stabilise the outlook while a break

below the 21-dma/uptrend support at 111.955/929 is needed to suggest a downside

reversal.