(H9) Testing Uptrend Support *RES 4:...>

SCHATZ TECHS: (H9) Testing Uptrend Support

*RES 4: 112.460 High May 29 (continuation chart) 

*RES 3: 112.105 High Dec 6 (continuation chart) 

*RES 2: 112.015 High Jan 2 

*RES 1: 111.995 High Jan 15 

*PRICE: 111.925 @ 05:00: GMT Jan 18 

*SUP 1: 111.884 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 flirting with uptrend support from the Dec 13 lows which

comes in around current levels. A break below here would allow bears to target

the 55-dma at 111.884, below which would shift the outlook bearish and open the

Dec 21 low at 111.850. On the upside a break above the key Jan 2 high at 112.015

is needed to shift the focus to the Dec 6 high on the continuation chart.