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(H19) Maintaining Downside Focus ......>

SCHATZ TECHS: (H19) Maintaining Downside Focus 
*RES 4: 112.460 High May 29 
*RES 3: 112.350 Inverse head-and-shoulders target (continuation chart) 
*RES 2: 112.080 High Aug 13,15,17 (continuation chart) 
*RES 1: 111.980 High Dec 4,5 
*PRICE: 111.870 @5:24 GMT 
*SUP 1: 111.820/814 Low Dec 11/55-dma 
*SUP 2: 111.810 Low Dec 10 
*SUP 3: 111.765 Low Nov 8 
*SUP 4: 111.710 Low Sep 26 
Yesterday's recovery in Schatz futures failed to alter the bearish picture as
bears continue to focus on the 55-dma at 111.814. Below here would further
strengthen the case for a bearish reversal, opening the Nov 8 lows at 111.765.
Bulls need to break back above 111.980 to extend the rally towards the
mid-August highs, but momentum is not on their side at present.

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