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(H0) Focus Is On Gains WIthin The......>

SCHATZ TECHS
SCHATZ TECHS: (H0) Focus Is On Gains WIthin The Range
*RES 4: 112.078 123.6% retracement projection of the Jan 8 - Jan 21 decline
*RES 3: 112.045 High Nov 20
*RES 2: 112.040 High Jan 8 and bull trigger
*RES 1: 112.010 High Jan 28
*PRICE: 111.975 @ 05:01 GMT Jan 29
*SUP 1: 111.960 Low Jan 27
*SUP 2: 111.900 Low Jan 23
*SUP 3: 111.880 Low Jan 21
*SUP 4: 111.842 1.236 projection of Nov 20 - Jan 2 decline from Jan 8 high
H0 Schatz has opened lower today. The move off yesterday's high reflects an
easing of the risk averse mood that has dominated market sentiment recently.
From a technical standpoint futures are still trading broadly sideways, although
for now the focus is on further near-term gains within the range. Futures last
week traded above 111.960, Jan 9 high signalling scope for a recovery. The next
objective is key resistance at 112.040, Jan 8 high. Support is at 111.960.

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