(Z18) Bears Look To Re-establish.......>

SCHATZ TECHS: (Z18) Bears Look To Re-establish Downtrend

*RES 4: 112.020 High Aug 17 

*RES 3: 111.970 High Sep 3 

*RES 2: 111.895 High Sep 6 

*RES 1: 111.875 55-dma 

*PREVIOUS CLOSE: 111.765 

*SUP 1 111.760 Low Oct 1 

*SUP 2 111.710 Low Sep 25,26,27 

*SUP 3 111.600 Support 

*SUP 4 111.510 Bear channel bottom (continuation chart)

Bears regained control yesterday in Dec-18 Schatz futures, breaking back below

Monday's lows. A break back below cycle lows at 111.710 would accelerate the

bearish trend, opening up a move to channel support around 111.510 on the

continuation chart. Bulls need to recover Tuesday's high to challenge 55-dma

resistance at 111.875, above which they can target the Sep 6 high.