(Z18) Weak Close Gives Bears Hope......>

SCHATZ TECHS: (Z18) Weak Close Gives Bears Hope

*RES 4: 112.130 High Jul 2 (continuation chart) 

*RES 3: 112.080 High Aug 13,15,17 (continuation chart) 

*RES 2: 112.050 Double bottom target (continuation chart) 

*RES 1: 112.030 High Oct 26 

*PREVIOUS CLOSE: 111.990 

*SUP 1: 111.880 Low Oct 22 

*SUP 2: 111.873 55-dma 

*SUP 3: 111.745 Low Oct 11 

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

Schatz futures close below 1120.00 on Friday, back below the Oct 18 high,

despite hitting as high as 112.035 in intraday trading. Bears now need to break

below the Oct 22 low at 111.880 and the 55-dma, currently at 111.873, to open

the Oct 11 low at 111.710 and return the focus to the downside. Bulls need to

overcome Friday's high to extend gains towards the double bottom target at

112.050.