(Z18) Up Day Gives Bulls Hope *RES.....>

SCHATZ TECHS: (Z18) Up Day Gives Bulls Hope

*RES 4: 111.970 High Sep 3 

*RES 3: 111.910 55-dma 

*RES 2: 111.895 High Sep 6 

*RES 1: 111.855 High Sep 13 

*PREVIOUS CLOSE: 111.790 

*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 

While the medium-term outlook has turned bearish in recent week, yesterday's up

day gives bulls a chance to focus on the Sep 13 high at 111.855 in an attempt to

shift the outlook neutral. A recovery of the 55-dma at 111.910 would be needed

to materially improve the outlook beyond this. For bears, the focus remains on

the May 15 low and the broader downtrend.