SCHATZ TECHS: (Z4) Outlook Remains Bullish

• RES 4: 107.373 1.236 retracement proj of the Aug 5 - Sep 3 bear leg 
• RES 3: 107.210 High Aug 5 and the bull trigger
• RES 2: 107.047 76.4% retracement of the Aug 5 - Sep 3 bear leg
• RES 1: 107.005 High Sep 6   
• PRICE: 106.965 @ 05:45 BST Sep 10
• SUP 1: 106.765 Low Sep 6        
• SUP 2: 106.675 Low Sep 4  
• SUP 3: 106.520 Low Sep 3 and the bear trigger 
• SUP 4: 105.975 High Jun 14 (cont) 

A bull cycle in Schatz futures remains intact. The recovery last week is a positive development and signals the end of the recent corrective cycle between Aug 5 - Sep 3. Note too that MA studies on the continuation chart are in a bull-mode position, highlighting a dominant uptrend. A continuation higher would open 107.047, a Fibonacci retracement point. On the downside, clearance of 106.520, the Sep 3 low would reinstate a recent bear threat.