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(H0) Range Breakout *RES 4: 112.120....>

SCHATZ TECHS
SCHATZ TECHS: (H0) Range Breakout
*RES 4: 112.120 150.0% retracement projection of the Jan 8 - Jan 21 decline
*RES 3: 112.101 138.2% retracement projection of the Jan 8 - Jan 21 decline
*RES 2: 112.078 123.6% retracement projection of the Jan 8 - Jan 21 decline
*RES 1: 112.070 Intraday high
*PRICE: 112.045 @ 04:59 GMT Jan 31
*SUP 1: 111.975 Low Jan 29
*SUP 2: 111.960 Low Jan 27
*SUP 3: 111.900 Low Jan 23
*SUP 4: 111.880 Low Jan 21 and key support
H0 Schatz rebounded off the day low Wednesday. Importantly, the recovery
yesterday led to a break of key resistance at 112.040, Jan 8 high. This marks
the top of a broadly sideways range futures have been trading within the past
few months. The break confirms a range breakout and potential trend reversal.
This opens 112.078, a Fibonacci projection next. On the downside, support is
seen at 111.975 .

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