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(Z17) Pivotal 112.190 Support Gives....>

SCHATZ TECHS
SCHATZ TECHS: (Z17) Pivotal 112.190 Support Gives Way
*RES 4: 112.280 Nov 16, Nov 20 highs
*RES 3: 112.250 Oct 31, Nov 1, 2, 14 & 17 lows, now res'tce
*RES 2: 112.240 Dec 7 high, 0.5% volatility band
*RES 1: 112.190/200 Hourly resistance
*PRICE: 112.140 @0935GMT
*SUP 1: 112.140 Dec 1 high, now support
*SUP 2: 112.110 Nov 28 high, now support
*SUP 3: 112.080 Dec 4 low
*SUP 4: 112.060 Nov 24 low
*COMMENTARY* Unable as yet 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 112.140-112.110 for next region of support, with
the Dec 4 low at 112.080 now considered key to direction. Have to hold here for
the recent upside bias to remain intact. In the interim, resistance comes again
from 112.190-112.200. Above the latter would provide some respite.

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