(H0) Looks Constructive *RES 4:........>

SCHATZ TECHS: (H0) Looks Constructive

*RES 4: 112.101 138.2% retracement projection of the Jan 8 - Jan 21 decline

*RES 3: 112.095 High Jan 31 and Feb 3 and key bull trigger

*RES 2: 112.069 76.4% retracement of the Feb 3 - Feb 6 decline

*RES 1: 112.060 High Feb 4

*PRICE: 112.060 @ 04:40 GMT Feb 18

*SUP 1: 111.985 Low Feb 6 and key support

*SUP 2: 111.975 Low Jan 28 and 29

*SUP 3: 111.962 61.8% retracement of the Jan 21 - Jan 31 rally

*SUP 4: 111.931 76.4% retracement of the Jan 21 - Jan 31 rally

Futures have breached resistance at 112.040, Feb 11 high and for now this places

on hold the possibility of a deeper corrective pullback. Instead, the move

higher signals scope for a stronger recovery with attention on key resistance

and the bull trigger at 112.095, the Jan 31 and Feb 3 high. A break here would

confirm a resumption of the rally that began on Jan 21. Key support has been

defined at 111.985, Feb 6 low.