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(Z17) Pullback Continues Towards.......>

SCHATZ TECHS
SCHATZ TECHS: (Z17) Pullback Continues Towards 112.080-112.060 Support
*RES 4: 112.200 Initial low Dec 8, now resistance
*RES 3: 112.180 Dec 13 high
*RES 2: 112.160 Dec 15 high
*RES 1: 112.130 Hourly resistance
*PRICE: 112.080 @0906GMT
*SUP 1: 112.080 Dec 4 low
*SUP 2: 112.060 Nov 24 low
*SUP 3: 112.050 0.1% volatility band
*SUP 4: 112.040 Nov 30 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, and with the
further loss of 112.110-112.100, now looking to the 112.080-112.060 area now for
next clues as to direction. Have to hold here for the recent upside bias to
remain intact. In the interim, resistance comes from 112.130-112.180. Above the
latter would provide some respite.

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