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(Z17) Recovery Approaches Pivotal......>

SCHATZ TECHS
SCHATZ TECHS: (Z17) Recovery Approaches Pivotal 112.190 Resistance
*RES 4: 112.310 Oct 27, Nov 6, 7, 8 highs
*RES 3: 112.250 Oct 31, Nov 1, 2, 14 & 17 lows, now res'tce
*RES 2: 112.210 0.1% Volatility band
*RES 1: 112.190 Nov 7 high
*PRICE: 112.170 @1250GMT
*SUP 1: 112.110/120 Hourly support
*SUP 2: 112.080 Dec 4 low
*SUP 3: 112.060 Nov 24 low
*SUP 4: 112.030 Nov 30 low
*COMMENTARY* Recovery is moving back towards the near term pivot at 112.190.
Will need to sustain a break back above here, before thoughts can turn to a
higher correction of losses sustained since the 112.310 highs of early November.
In the interim, support comes from 112.120-112.110 with the Dec 4 low at 112.080
presenting a stronger base below. Any loss here will caution now. Directly
through 112.190 and the 0.1% volatility band is the bar to 112.250.

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