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(H9) Upside Focus Remains *RES 3:......>

SCHATZ TECHS
SCHATZ TECHS: (H9) Upside Focus Remains
*RES 3: 112.350 Inverse head-and-shoulders target (continuation chart)
*RES 2: 112.080 High Aug 13,15,17 (continuation chart)
*RES 1: 112.015 High Jan 2
*PRICE: 111.937 @ 17:09 GMT Jan 4
*SUP 1: 111.935 Low Jan 2
*SUP 2: 111.864 55-dma
*SUP 3: 111.770 Low Dec 13
After breaking to the highest levels since August on Monday for the H9 contract
(albeit still below the levels seen at the last contract roll) Schatz futures
fell back towards the middle of the European morning before moving back to close
to Monday's lows later in the day. Focus remains to the upside. A break below
111.935 is needed to shift the outlook neutral and open the 55-dma at 111.864.

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