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(H1) Tests Key Resistance At 112.330

SCHATZ TECHS

RES 4: 112.390 High Dec 16

RES 3: 112.350 High Dec 21 / 22

RES 2: 112.344 50-day EMA

RES 1: 112.330 High Jan 4 / 5 and a reversal trigger

PRICE: 112.320 @ 07:56 GMT Jan 15

SUP 1: 112.270 Low Jan 14

SUP 2: 112.240 Low Jan 12

SUP 3: 112.235 Low Dec 23 and the bear trigger

SUP 4: 112.210 Low Sep 1 (cont)

Schatz futures maintain a firmer tone and are holding onto this week's gains. The focus is on 112.330, Jan 4 and 5 highs and today's intraday high. A break of this level would strengthen a bullish case and also highlight a potential reversal exposing initially the 50-day EMA at 112.344. A break of the average would also highlight a bullish development. On the downside, key support is at 112.235, Dec 28 low. A break would resume the downtrend.

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