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

SCHATZ TECHS
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.

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