(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: 111.850 @ 16:39 GMT Dec13

*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 look increasingly weak with prices touching fresh multi-month

lows Thursday. Bulls' failure to close the gap with the Wednesday open keeps the

near-term outlook bearish with those looking for further downside initially

targeting a close below the 55-dma at 111.814 and the late September lows of

111.71. Bulls need to break back above the Wednesday high at 111.905 to regain

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