(Z17) Pullback Approaches Key..........>

SCHATZ TECHS: (Z17) Pullback Approaches Key 111.940-111.930 Support

*RES 4: 112.130 Dec 12 low, now resistance

*RES 3: 112.100/110 Dec 19 high, Dec 14 low

*RES 2: 112.070 Dec 18 low, now resistance

*RES 1: 112.000/010 Hourly resistance

*PRICE: 111.950 @1015GMT

*SUP 1: 111.940 1.618 swing of 112.03-112.24

*SUP 2: 111.930 76.4% Fibo of 111.81-112.31

*SUP 3: 111.840 Jul 6 low

*SUP 4: 111.810 Jun 28 low

*COMMENTARY* The loss of 112.080-112.060 returned focus to the downside and on

112.030-112.020 in particular. Further loss here this week has seen the 0.1%

volatility band, at 111.970 by time today, give way, leaving 111.940-111.930 as

next key support area. This as we give back gains seen since the late June lows

at 111.810. Meanwhile, resistance also falls, 112.000-112.010 and particularly

112.070 currently provides an initial barrier to any near term recovery hopes.