(H9) Stuck In A Tight Range *RES 4:....>

SCHATZ TECHS: (H9) Stuck In A Tight Range

*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: 111.905 @ 04:57 GMT Jan 29 

*SUP 1: 111.897 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 continue to trade in a tight range with the 55-dma acting as

support on a closing basis. Bears need a break below this level, currently at

111.897, to shift the outlook bearish and open the Dec 21 low at 111.850. On the

upside bulls look to target a break above the 111.940 level to shift the focus

to the Jan 15 high at 111.995. Above here would open the key Jan 2 high at

112.015.