(Z18) Struggling To Extend Losses......>

SCHATZ TECHS: (Z18) Struggling To Extend Losses

*RES 4: 111.970 High Sep 3 

*RES 3: 111.907 55-dma 

*RES 2: 111.895 High Sep 6 

*RES 1: 111.855 High Sep 13 

*PREVIOUS CLOSE: 111.800 

*SUP 1: 111.720 Low May 15 

*SUP 2: 111.700 Support 

*SUP 3: 111.675 Low Apr 24 

*SUP 4: 111.650 Low Mar 13 

The Schatz has outperformed in recent trading, having failed to extend recent

losses following the break below the Aug 1 lows. While the broader bearish trend

remains intact, a close back above 111.800 would shift the outlook neutral.

Above here would allow bulls to target the Sep 13 high ahead of the 55-dma at

111.907. For bears, the focus remains on the May 15 low and the broader

downtrend.