(H0) Closing In On Key Support *RES....>

SCHATZ TECHS: (H0) Closing In On Key Support

*RES 4: 112.052 0.764 projection of Jan 2 - Jan 6 rally from Jan 7 low

*RES 3: 112.045 High Nov 20

*RES 2: 112.040 High Jan 8 and bull trigger

*RES 1: 111.960 High Jan 9

*PRICE: 111.895 @ 04:58 GMT Jan 14

*SUP 1: 111.890 Intraday low

*SUP 2: 111.885 Low Jan 2 and key support

*SUP 3: 111.880 1.00 projection of Nov 20 - Jan 2 decline from Jan 8 high

*SUP 4: 111.842 1.236 projection of Nov 20 - Jan 2 decline from Jan 8 high

H0 Schatz is likely to remain softer near-term. The pullback on Jan 8 off the

high of 112.040 is weighing on sentiment. The bearish significance of the

sell-off was reinforced by the fact price also failed to hold and close above

the 50-day EMA, an indicator used as a reliable trend signal. The focus is on

key support and the bear trigger at 111.885, Jan 2 low where a break would open

111.880 and 111.842. Resistance is at 111.960, Jan 9 high.