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(Z17) Above 112.240 To Ease Bearish....>

SCHATZ TECHS
SCHATZ TECHS: (Z17) Above 112.240 To Ease Bearish Pressure
*RES 4: 112.285 High Nov 15 
*RES 3: 112.263 21-DMA 
*RES 2: 112.240 Low Oct 27 now resistance 
*RES 1: 112.220 High Nov 23
*PREVIOUS CLOSE: 112.200
*SUP 1: 112.150 Low Oct 25 
*SUP 2: 112.113 100-DMA 
*SUP 3: 112.105 Low Oct 6 
*SUP 4: 112.065 Monthly Low Sept 21
*COMMENTARY: The sell-off from Oct highs has resulted in a close below the
55-DMA (112.205) with immediate focus shifting to 112.150 and overall focus to
112.065-119 where the 100-DMA and monthly lows are situated. Below 112.150 adds
weight to the bearish case. Bulls need a close above 112.240 to ease bearish
pressure and above 112.285 to return focus to 112.315. Daily studies approaching
O/S is a concern for bears but 112.240 is key today.

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