(Z17) Correction Continues, Focus On...>

SCHATZ TECHS: (Z17) Correction Continues, Focus On 112.050-112.000 Next

*RES 4: 112.200 Sep 15 high

*RES 3: 112.170 Sep 13 low, now resistance

*RES 2: 112.140 Sep 19 high

*RES 1: 112.110 Hourly resistance

*PRICE: 112.090 @1456GMT

*SUP 1: 112.060 Intraday low

*SUP 2: 112.050 0.1% volatility band

*SUP 3: 112.030 Aug 17 low

*SUP 4: 112.000/010 Aug 1 high, 50% Fibo of 111.730-112.280

*COMMENTARY* This month saw a rally through the swing target at 112.220, a high

of 112.280 attained, before again submitting to some overbought conditions. This

so far leaves us shy of a look at the swing target at 112.320 and Fibo retrace

level at 112.330. Meanwhile support from 112.170 and now 112.090 has gone. Loss

here cautions and suggests a deeper correction of gains from July's 111.73 low

is required, 112.050-112.000 next supports.