(Z18) Bulls Struggling To Recover......>

SCHATZ TECHS: (Z18) Bulls Struggling To Recover 112

*RES 4: 112.130 High Jul 2 (continuation chart) 

*RES 3: 112.080 High Aug 13,15,17 (continuation chart) 

*RES 2: 112.050 Double bottom target (continuation chart) 

*RES 1: 112.030 High Oct 26 

*PREVIOUS CLOSE: 111.985 

*SUP 1: 111.955 Low Oct 29,30 

*SUP 2: 111.873 55-dma 

*SUP 3: 111.745 Low Oct 11 

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

Schatz futures continue to close below the 112 level which keeps the short-term

outlook neutral, with bears looking to take out the Oct 29,30 lows at 111.955 to

shift the focus to the downside. Below here would open the 55-dma at 111.873,

below which the outlook turns negative. On the upside, bulls need to overcome

112 to challenge Friday's high at 112.0303 and extend gains towards the double

bottom target at 112.050.