(H9) Targeting December Highs *RES.....>

SCHATZ TECHS: (H9) Targeting 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: 111.940 @ 15:25 GMT Dec 27

*SUP 1: 111.837 55-dma

*SUP 2: 111.770 Low Dec 13

*SUP 3: 111.765 Low Nov 8

The Thursday rally topped out at 111.96, stopping just short of early December

highs at 111.98, which becomes first resistance. 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.