(H19) Testing 55-DMA Support *RES 4:...>

SCHATZ TECHS: (H19) Testing 55-DMA Support

*RES 4: 112.350 Inverse head-and-shoulders target (continuation chart) 

*RES 3: 112.080 High Aug 13,15,17 (continuation chart) 

*RES 2: 111.980 High Dec 4,5 

*RES 1: 111.905 High Dec 12 

*PRICE: 111.825 @5:20 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 

Schatz futures are testing the 55-dma and a break looks increasingly likely as

the Bund and the Bobl show signs of a bearish reversal. 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 yesterday's high at 111.905 to regain the upper

hand and open a retest of the Dec 4,5 highs at 111.980.