(H0) Focus Is On Further Downside......>

SCHATZ TECHS: (H0) Focus Is On Further Downside

*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

*RES 2: 112.050 High Feb 5

*RES 1: 112.030 High Feb 7 and intraday high

*PRICE: 112.020 @ 04:59 GMT Feb 10

*SUP 1: 111.985 Low Feb 6

*SUP 2: 111.975 Low Jan 28 and 29

*SUP 3: 111.962 61.8% retracement of the Jan 21 - Jan 31 rally

*SUP 4: 111.931 76.4% retracement of the Jan 21 - Jan 31 rally

H0 Schatz is still seen likely to retrace recent gains. Last week's move lower

reflected an unwinding of the recent risk averse rally and, from a technical

perspective an unwinding of the overbought condition that had existed recently.

Despite the recovery late last week, attention remains on 111.975, the Jan 29

low and 111.962, a retracement level. On the upside, resistance is at 112.050,

the Jan 5 high.