(H0) Bulls Eye 112.065 Next *RES 4:....>

SCHATZ TECHS: (H0) Bulls Eye 112.065 Next

*RES 4: 112.101 138.2% retracement projection of the Jan 8 - Jan 21 decline

*RES 3: 112.095 High Jan 31 and Feb 3 and key bull trigger

*RES 2: 112.069 76.4% retracement of the Feb 3 - Feb 6 decline

*RES 1: 112.065 High Feb 18

*PRICE: 112.050 @ 04:21 GMT Feb 24

*SUP 1: 112.010 Low Feb 21

*SUP 2: 111.985 Low Feb 6 and key support

*SUP 3: 111.975 Low Jan 28 and 29

*SUP 4: 111.962 61.8% retracement of the Jan 21 - Jan 31 rally

Schatz futures have opened higher today however from a broader perspective,

consolidation continues to dominate. Attention turns to the next resistance at

112.065, the Feb 18 high where a break would open the key bull trigger at

112.095, Jan 31 and Feb 3 high. While 112.065 remains intact though, the

recovery since Feb 6 appears corrective. A break below 112.010, Friday's low

would suggest scope for a retest of the key support at 111.985, Feb 6 low.