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(Z17) Recovery Tracking Upper..........>

SCHATZ TECHS
SCHATZ TECHS: (Z17) Recovery Tracking Upper Volatility Band
*RES 4: 112.310 Oct 27, Nov 6, 7, 8 highs
*RES 3: 112.280 Nov 16, Nov 20 highs
*RES 2: 112.250 Oct 31, Nov 1, 2, 14 & 17 lows, now res'tce
*RES 1: 112.240 0.1% Volatility band
*PRICE: 112.180 @1230GMT
*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* Broke back above the near term pivot at 112.190 last week. Will
need to sustain the break 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 112.140-112.110 with the Dec 4 low at 112.080 presenting a
stronger base below. Any loss here will caution now. While above 112.190, the
0.1% volatility band is the bar to a 112.250-112.280 rise.

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