(Z18) Downtrend Continues *RES 4:......>

SCHATZ TECHS: (Z18) Downtrend Continues

*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: 111.975 

*SUP 1: 111.940 Low Nov 26 

*SUP 2: 111.885 Low Nov 8 

*SUP 3: 111.885 55-dma 

*SUP 4: 111.745 Low Oct 11 

DEC 18 Schatz futures remain unable to break their downtrend from the Nov 15

high keeping the focus on the downside and Monday's low at 111.940. Below here

would target the Nov 8 low and 55-dma at 111.885. With up trendline support from

the Oct lows giving way, bulls have a tough task to reignite the uptrend, which

would require a break above the Nov 15 high at 112.030.