(Z18) August Lows Still On The Radar...>

SCHATZ TECHS: (Z18) August Lows Still On The Radar 

*RES 4: 112.020 High Aug 20 

*RES 3: 111.970 High Sep 3 

*RES 2: 111.923 55-dma 

*RES 1: 111.895 High Sep 6 

*PREVIOUS CLOSE: 111.840 

*SUP 1: 111.790 Low Aug 1 

*SUP 2: 111.720 Low May 15 

*SUP 3: 111.675 Low Apr 24 

*SUP 4: 111.650 Low Mar 13 

Yesterday's gains in the Dec-18 Schatz have provided bulls with some breathing

room but the Sep 6 high at 111.895 still needs to be overcome to suggest the

downtrend is over. A close back above the 55-dma at 111.923 would shift the

outlook more constructive. On the downside, the Aug 1 low at 111.790 remains in

focus and a break below this level would trigger a large scale topping pattern.