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(Z17) Correction Continues.............>

SCHATZ TECHS
SCHATZ TECHS: (Z17) Correction Continues 112.110-112.100 Next Support
*RES 4: 112.280 Nov 16, Nov 20 highs, 0.5% volatility band
*RES 3: 112.240/250 Dec 7 high, Nov 1, 2, 14 & 17 lows
*RES 2: 112.210 Hourly resistance
*RES 1: 112.180 Dec 13 high
*PRICE: 112.140 @0941GMT
*SUP 1: 112.110 Nov 28 high, Dec 14 low
*SUP 2: 112.100 Hourly support
*SUP 3: 112.080 Dec 4 low
*SUP 4: 112.060 Nov 24 low
*COMMENTARY* Unable to sustain the move back above the near term pivot at
112.190. A high of 112.240 since but has subsequently slipped back below
112.190. Now looking towards 112.110-112.100 for next region of support, with
the 112.080-112.060 area now considered key to direction. Have to hold here for
the recent upside bias to remain intact. In the interim, resistance comes from
112.180-112.210. Above the latter would provide some respite.

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