(H19) Yet To Make Its Move *RES 4:.....>

SCHATZ TECHS: (H19) Yet To Make Its Move

*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: 111.920 High Dec 14 

*PRICE: 111.890 @ 05:43 GMT Dec 20

*SUP 1: 111.834 55-dma 

*SUP 2: 111.770 Low Dec 13 

*SUP 3: 111.765 Low Nov 8 

*SUP 4: 111.710 Low Sep 26 

Schatz futures continue to underperform after failing to hold gains above the

111.900 level, keeping the outlook neutral. That said, the broader positive

trend remains intact following last week's bullish reversal, with a break above

Friday's high at 111.920 needed to to target the Dec 4,5 highs at 111.980. On

the downside, bears look for a close below the 55-dma at 111.834 to shift the

outlook bearish and open the Dec 13 lows at 111.770.