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

SCHATZ TECHS: (H0) Fresh Trend Low Print

*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: 111.890 @ 04:48 GMT Jan 22

*SUP 1: 111.880 Low Jan 21

*SUP 2: 111.842 1.236 projection of Nov 20 - Jan 2 decline from Jan 8 high

*SUP 3: 111.819 1.382 projection of Nov 20 - Jan 2 decline from Jan 8 high

*SUP 4: 111.800 1.500 projection of Nov 20 - Jan 2 decline from Jan 8 high

H0 Schatz maintains a bearish outlook and yesterday traded to a fresh trend low

of 111.880. This confirms a resumption of the underlying downtrend with further

downside seen likely near-term. Scope is for weakness towards 111.842 next, a

Fibonacci projection. On the upside, resistance has been defined at 111.930, Jan

10 high. A break of this level is required to ease the current bearish pressure.