(Z18) Trend Of Lower Highs Intact......>

SCHATZ TECHS: (Z18) Trend Of Lower Highs Intact

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

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

*RES 2: 112.030 High Oct 26 

*RES 1: 111.990 High Nov 5 

*PREVIOUS CLOSE: 111.935 

*SUP 1: 111.875 Low Oct 22 

*SUP 2: 111.868 55-dma

*SUP 3: 111.745 Low Oct 11 

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

Schatz futures recovered some of their losses on Friday but failed to break

above the Nov 5 high which keeps the trend of lower highs intact. Bulls eye the

Oct 22 low at 111.875, below which would likely add to the downside momentum and

target the 55-dma at 111.868 ahead of a return to the Oct 11 low and the key

111.710 level. On the upside, a break above 111.990 is needed to give bulls the

edge, opening the Oct 26 high at 112.030.