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(Z17) 112.000 The Bar To Any...........>

SCHATZ TECHS
SCHATZ TECHS: (Z17) 112.000 The Bar To Any Determined Recovery Efforts
*RES 4: 112.150 Congestion area Dec 12-13
*RES 3: 112.100 Dec 19 high
*RES 2: 112.030 Nov 30 low, now resistance
*RES 1: 112.000 Jan 3 high
*PRICE: 111.970 @0930GMT
*SUP 1: 111.920/930 Dec 22, Dec 29 lows
*SUP 2: 111.880 0.1% volatility band
*SUP 3: 111.840/850 Jul 6, Dec 27 lows
*SUP 4: 111.810 Jun 28 low
*COMMENTARY* Last month's fall from a high of 112.240, culminated in a drop to
111.850 last Wednesday, before regaining some ground. This sees resistance from
below 112.000 as the near term barrier to any recovery at present. While capped
here, look to 111.930-111.920 for initial support and then from the lower 0.1%
volatility band at 111.880, to protect against another attempt on
111.850-111.840. 

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