(Z18) Under Pressure *RES 4:..........>

SCHATZ TECHS: (Z18) Under Pressure 

*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: 111.965 

*SUP 1: 111.940 Low Nov 26 

*SUP 2: 111.885 Low Nov 8 

*SUP 3: 111.877 55-dma 

*SUP 4: 111.745 Low Oct 11 

DEC 18 Schatz futures have come under further pressure, breaching the initial up

trendline support and the lower end of the recent range at 111.945. This breach

of initial support weakens the near-term technical picture, opening risk of a

deeper pullback towards the longer term major pivotal support at the 111.885

level. A move below here would be needed to turn the technical picture negative.

A move back above 111.990 stabilises the technical picture once again.