(H9) Upside Momentum Fades *RES 4:.....>

SCHATZ TECHS: (H9) Upside Momentum Fades

*RES 4: 112.015 High Jan 2 

*RES 3: 111.995 High Jan 15 

*RES 2: 111.940 High Jan 22,23 

*RES 1: 111.925 High Feb 8 

*PRICE: 111.890 @ 04:40 GMT Feb 20 

*SUP 1: 111.845 Low Jan 31, Feb 6 

*SUP 2: 111.800 Support 

*SUP 3: 111.770 Low Dec 13 (continuation chart) 

*SUP 4: 111.710 Low Sep 24,25,26 (continuation chart) 

Upside momentum in Schatz futures was has proven fleeting as bulls were unable

to overcome the Feb 8 high at 111.925, keeping the short term outlook neutral

for now. A break above here is needed to open the Jan 22,23 highs at 111.940.

Bears need to take out 111.845 which marks the Jan 31 and Feb 6 lows to open up

a run at the 111.800 level.