(H9) Capped By December Highs *RES.....>

SCHATZ TECHS: (H9) Capped By December Highs

*RES 3: 112.350 Inverse head-and-shoulders target (continuation chart)

*RES 2: 112.080 High Aug 13,15,17 (continuation chart)

*RES 1: 111.980 High Dec 4,5

*PRICE: 111.935 @ 14:48 GMT Dec28

*SUP 1: 111.837 55-dma

*SUP 2: 111.770 Low Dec 13

*SUP 3: 111.765 Low Nov 8

Friday price action eked out another cycle high, keeping the onus on the early

December highs printed up at 111.98. To the downside, the 100-dma at 111.917

becomes the first target for bears. A break below here would cement recent

underperformance and shift downside targets to Dec13 lows at 111.770. That said,

the broader positive trend remains intact for now and a break above the Dec14

high at 111.920 would allow a challenge of the Dec4, 5 highs at 111.980.