(H0) Fresh Trend Low Print *RES 4:.....>

SCHATZ TECHS: (H0) Fresh Trend Low Print

*RES 4: 112.045 High Nov 20

*RES 3: 112.020 High Nov 28, Dec 4 and Dec 12

*RES 2: 111.995 High Dec 18

*RES 1: 111.955 High Dec 30

*PRICE: 111.950 @ 04:56 GMT Jan 3

*SUP 1: 111.885 Low Jan 2

*SUP 2: 111.859 1.236 projection of Nov 20 - Dec 2 decline from Dec 4 high

*SUP 3: 111.840 1.382 projection of Nov 20 - Dec 2 decline from Dec 4 high

*SUP 4: 111.825 1.500 projection of Nov 20 - Dec 2 decline from Dec 4 high

H0 Schatz traded to a fresh trend low of 111.885 yesterday however futures did

find support off the day low. The break lower confirms a resumption of the

broader downtrend that has been in place since late-August and maintains the

bearish price sequence of lower lows and lower highs. Gains are considered

corrective with further weakness likely near-term. Attention is on 111.890 and

111.895 next, both Fibonacci projections. Resistance is at 111.995, Dec 18 high.