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(H0) Extends Recent Gains *RES 4:......>

SCHATZ TECHS
SCHATZ TECHS: (H0) Extends Recent Gains
*RES 4: 112.045 High Nov 20
*RES 3: 112.040 High Jan 8 and bull trigger
*RES 2: 112.000 Round number resistance
*RES 1: 111.979 61.8% retracement of the Jan 8 - Jan 21 decline
*PRICE: 111.970 @ 05:08 GMT Jan 27
*SUP 1: 111.900 Low Jan 23
*SUP 2: 111.880 Low Jan 21
*SUP 3: 111.842 1.236 projection of Nov 20 - Jan 2 decline from Jan 8 high
*SUP 4: 111.819 1.382 projection of Nov 20 - Jan 2 decline from Jan 8 high
H0 Schatz traded higher again Friday and although futures are still trading
broadly sideways, signs are that prices will likely remain supported near-term.
Futures last week traded above 111.960, Jan 9 high signalling scope for a
recovery. The next objective is 112.000 and beyond that the key resistance at
112.040, Jan 8 high. Support is seen at 111.900, Jan 23 low with key support at
111.880, Jan 21 low.

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