(H19) Outlook Turns Bearish *RES 4:....>

SCHATZ TECHS: (H19) Outlook Turns Bearish

*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: 111.840 @5:24GMT 

*SUP 1: 111.810 Low Dec 10

*SUP 2: 111.808 55-dma 

*SUP 3: 111.765 Low Nov 8 

*SUP 4: 111.710 Low Sep 26 

Schatz futures reversed to the downside yesterday, wiping out weeks of gains to

bring the dma back into focus at 111.808. Below here would further strengthen

the case for a bearish reversal. 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.