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

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.