(H0) Trades Above Congestive...........>

SCHATZ TECHS: (H0) Trades Above Congestive Resistance

*RES 4: 112.080 1.00 projection of Jan 2 - Jan 6 rally from Jan 7 low

*RES 3: 112.052 0.764 projection of Jan 2 - Jan 6 rally from Jan 7 low

*RES 2: 112.045 High Nov 20

*RES 1: 112.040 Intraday high

*PRICE: 111.995 @ 05:07 GMT Jan 8

*SUP 1: 111.990 Intraday low

*SUP 2: 111.960 Low Jan 7

*SUP 3: 111.930 Low Jan 3

*SUP 4: 111.885 Low Jan 2

H0 Schatz maintains a firmer tone following the strong rebound late last week.

Overnight, futures spiked to a high of 112.040 but have since retraced. This has

led to a breach of the key congestive resistance at 112.020, the high of Nov 28,

Dec 4 and Dec 12. The focus for today will be on the overnight high of 112.040

where a break would open 112.045, Nov 20 high and beyond. On the downside,

support is at 111.960, Tuesday's low.