(H9) Bears Consolidate Downside........>

SCHATZ TECHS: (H9) Bears Consolidate Downside Break

*RES 4: 112.015 High Jan 2 

*RES 3: 111.995 High Jan 15 

*RES 2: 111.940 High Jan 22,23 

*RES 1: 111.898 55-dma 

*PRICE: 111.870 @ 04:49 GMT Feb 2 

*SUP 1: 111.845 Low Jan 31 

*SUP 2: 111.800 Up trendline support from Sep lows (continuation chart)

*SUP 3: 111.770 Low Dec 13 (continuation chart)

*SUP 4: 111.710 Low Sep 24,25,26 (continuation chart)

Schatz continue their selloff after breaking below the 55-dma on Wednesday, with

yesterday's low of 111.845 acting as the downside target for now. Below here

would open up trendline support from the Sep lows at 111.800 ahead of the Dec 13

low at 111.770. On the upside bulls look to recover the 55-dma at 111.898 to

shift the outlook neutral, above which would open the 111.940 level marking the

Jan 22,23 highs.