(H0) Consolidating *RES 4: 112.045.....>

SCHATZ TECHS: (H0) Consolidating

*RES 4: 112.045 High Nov 20

*RES 3: 112.040 High Jan 8 and bull trigger

*RES 2: 111.960 High Jan 9

*RES 1: 111.930 High Jan 13 and key intraday resistance

*PRICE: 111.910 59 @ 04:48 GMT Jan 23

*SUP 1: 111.880 Low Jan 21

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

*SUP 3: 111.819 1.382 projection of Nov 20 - Jan 2 decline from Jan 8 high

*SUP 4: 111.800 1.500 projection of Nov 20 - Jan 2 decline from Jan 8 high

H0 Schatz is consolidating and for now the technical condition continues to

highlight a bearish outlook. Tuesday's print of 111.880 confirms a resumption of

the underlying downtrend highlighting scope for further downside near-term.

Potential is for a move towards 111.842 next, a Fibonacci projection. On the

upside, resistance has been defined at 111.930, Jan 10 high. A break of this

level is required to ease the current bearish pressure.