(Z18) Underperforming *RES 4:..........>

SCHATZ TECHS: (Z18) Underperforming

*RES 4: 111.970 High Sep 3 

*RES 3: 111.895 High Sep 6 

*RES 2: 111.861 55-dma 

*RES 1: 111.845 High Oct 9

*PREVIOUS CLOSE: 111.810 

*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 were unable to take out Tuesday's high yesterday keeping the

short-term outlook neutral. A triangle pattern is forming suggesting a large

break is coming. Bulls need to break above 111.845 to open the 55-dma at

111.861. On the downside, a bearish break would be triggered on a close through

111.745, targeting the September lows of 111.710 initially.