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(Z17) 112.270/112.280 Now In The Way...>

SCHATZ TECHS
SCHATZ TECHS: (Z17) 112.270/112.280 Now In The Way Of Fresh Recovery
*RES 4: 112.330 0.1% Volatility band
*RES 3: 112.310 Oct 30, Nov 6, 7 & 8 highs
*RES 2: 112.280 Nov 15, Nov 20 highs
*RES 1: 112.270 Underside broken 3 month support line
*PRICE: 112.250 @0815GMT
*SUP 1: 112.210 Hourly support
*SUP 2: 112.190 Nov 24 low
*SUP 3: 112.150/160 Oct 25, Nov 30 lows
*SUP 4: 112.120 Oct 11-Oct 12 lows
*COMMENTARY* The 112.310 area became a problem for the recent rally, being
halted here on several occasions in the early part of last month. This followed
by the loss of equally impressive 112.250-112.190 support, opened the scope for
a return to the Oct 25 low at 112.150. This seen as the brake to a further
112.120-112.100 fall. Meanwhile, 112.270/280 resistance now stands in the way of
any fresh recovery efforts.

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