(Z18) Weak Close Keeps Outlook.........>

SCHATZ TECHS: (Z18) Weak Close Keeps Outlook Neutral

*RES 4: 112.020 High Aug 17 

*RES 3: 111.970 High Sep 3 

*RES 2: 111.895 High Sep 6 

*RES 1: 111.865 55-dma 

*PREVIOUS CLOSE: 111.780 

*SUP 1 111.710 Low Sep 25,26,27 

*SUP 2 111.600 Support 

*SUP 3 111.510 Bear channel bottom (continuation chart) 

*SUP 4 111.360 Low Dec 2015 (continuation chart) 

Schatz futures diverged from the Bobl and Bund yesterday with early gains giving

way to a weak close that keeps the near-term outlook neutral. Bulls need to

recover yesterday's high of 111.845 to challenge the 55-dma at 111.865, above

which a bullish break would be confirmed. On the downside, a break below the

September lows of 111.710 is needed to suggest a continuation of the broader

bearish trend.