(Z18) Bearish Break *RES 4: 112.080....>

SCHATZ TECHS: (Z18) Bearish Break

*RES 4: 112.080 High Aug 13,15,17 (continuation chart) 

*RES 3: 112.050 Double bottom target (continuation chart) 

*RES 2: 112.030 High Oct 26 

*RES 1: 111.990 High Nov 5 

*PREVIOUS CLOSE: 111.900 

*SUP 1: 111.875 Low Oct 22 

*SUP 2: 111.868 55-dma 

*SUP 3: 111.745 Low Oct 11 

*SUP 4: 111.710 Low Sep 25,26,27 

Schatz futures broke below their 21-dma yesterday to shift the outlook bearish

and open the Oct 22 low at 111.875. Below here would likely add to the downside

momentum and target the 55-dma at 111.868 ahead of a return to the Oct 11 low

and the key 111.710 level. On the upside, a break above Monday's high at 111.990

is needed to give bulls the edge, opening the Oct 26 high at 112.030.