(Z18) Rejected At 55-DMA *RES 4:.......>

SCHATZ TECHS: (Z18) Rejected At 55-DMA

*RES 4: 112.020 High Aug 20 

*RES 3: 111.970 High Sep 3 

*RES 2: 111.895 High Sep 6 

*RES 1: 111.860 55-dma 

*PREVIOUS CLOSE: 111.860 

*SUP 1: 111.745 Low Oct 11 

*SUP 2: 111.710 Low Sep 25,26,27 

*SUP 3: 111.600 Support 

*SUP 4: 111.510 Bear channel bottom (continuation chart) 

Schatz futures continued their recovery on Friday after taking out Tuesday's

high but the 55-dma at 111.860 acted as strong resistance. Bulls need to

overcome this level to target the Sep 6 high at 111.895 and extend the rally. On

the downside, a bearish break would be triggered on a close through 111.745,

targeting the September lows of 111.710 initially.