(H0) Focus Is On Key Support *RES 4:...>

SCHATZ TECHS: (H0) Focus Is On Key Support

*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

*PRICE: 111.915 @ 04:59 GMT Jan 20

*SUP 1: 111.885 Low Jan 2 and Jan 14 plus key support

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

*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 is consolidating. The outlook is unchanged and futures are still seen

likely to remain soft near-term. The pullback on Jan 8 weighs on sentiment. The

bearish significance of the sell-off was reinforced by the fact price failed to

hold and close above the 50-day EMA. The focus is on key support and the bear

trigger at 111.885, Jan 2 and Jan 14 lows where a break would open 111.880 and

111.842. Resistance is at 111.930, Jan 13 high.