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(H0) Fresh Trend Low *RES 4: 112.045...>

SCHATZ TECHS
SCHATZ TECHS: (H0) Fresh Trend Low
*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: 111.905 @ 04:55 GMT Jan 2
*SUP 1: 111.895 Low Dec 30
*SUP 2: 111.890 1.00 projection of Nov 20 - Dec 2 decline from Dec 4 high
*SUP 3: 111.859 1.236 projection of Nov 20 - Dec 2 decline from Dec 4 high
*SUP 4: 111.840 1.382 projection of Nov 20 - Dec 2 decline from Dec 4 high
H0 Schatz traded to a fresh trend low of 111.895 earlier this week. This
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. With further weakness likely near-term, attention is on 111.890 and
111.895 next, both Fibonacci projections. Near-term key resistance has been
defined at 111.995, Dec 18 high.

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