(H0) Remains Constructive Above........>

SCHATZ TECHS: (H0) Remains Constructive Above 112.00

*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: 112.065 High Feb 18

*PRICE: 112.030 @ 06:07 GMT Feb 21

*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

Schatz went nowhere Thursday, holding recent losses. This does little to change

the underlying bullish picture. Futures have breached resistance at 112.040,

keeping the possibility of a deeper corrective pullback on hold. There is scope

for a stronger recovery with attention on key resistance & the bull trigger at

112.095, the Jan 31 & Feb 3 high. A break here would confirm a resumption of the

rally that began on Jan 21. Key support defined at 111.985, Feb 6 low.