(H9) Range Lows Under Pressure *RES....>

SCHATZ TECHS: (H9) Range Lows Under Pressure

*RES 4: 112.105 High Dec 6 (continuation chart) 

*RES 3: 112.015 High Jan 2 

*RES 2: 111.995 High Jan 15 

*RES 1: 111.940 High Jan 22,23 

*PRICE: 111.890 @ 04:52 GMT Jan 25 

*SUP 1: 111.891 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 are holding their range lows for now but the 55-dma has given way

suggesting that a bearish break is increasingly likely. A close below 111.890

would shift the outlook bearish and open the Dec 21 low at 111.850. On the

upside a break above the 111.940 level is needed to shift the focus to the Jan

15 high at 111.995. above here would open the key Jan 2 high at 112.015.