(H9) 55-DMA The Next Downside Target...>

SCHATZ TECHS: (H9) 55-DMA The Next Downside Target

*RES 4: 112.460 High May 29 (continuation chart) 

*RES 3: 112.105 High Dec 6 (continuation chart) 

*RES 2: 112.015 High Jan 2 

*RES 1: 111.995 High Jan 15 

*PRICE: 111.905 @ 05:00: GMT Jan 21 

*SUP 1: 111.884 55-dma 

*SUP 2: 111.850 Low Dec 21 

*SUP 3: 111.770 Low Dec 13 

*SUP 4: 111.755 Low Nov 11 

Schatz futures broke below uptrend support from the Dec 13 lows on Friday

allowing bears to target the 55-dma at 111.884. A break below which would shift

the outlook bearish and open the Dec 21 low at 111.850. On the upside a break

above the key Jan 2 high at 112.015 is needed to shift the focus to the Dec 6

high on the continuation chart.