(Z18) Bulls Back In Charge *RES 4:.....>

SCHATZ TECHS: (Z18) Bulls Back In Charge

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

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

*RES 2: 112.035 High Oct 26 

*RES 1: 112.030 High Nov 15 

*PREVIOUS CLOSE: 111.990 

*SUP 1: 111.875 Low Oct 22 

*SUP 2: 111.872 55-dma 

*SUP 3: 111.745 Low Oct 11 

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

Schatz futures spiked above 112 yesterday and despite closing below it the

outlook has turned positive. Bulls now need to take out yesterday's high at

112.030 to target the Oct 26 high at 112.035. Above here opens the double bottom

target at 112.050. Bears need a break below the Oct 22 low at 111.875 to shift

the outlook negative, below which would create downside momentum opening the

55-dma at 111.875 ahead of a return to the Oct 11 low and the key 111.710 level.