(Z18) Yet To Make Its Break *RES 4:....>

SCHATZ TECHS: (Z18) Yet To Make Its Break

*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: 111.995 

*SUP 1: 111.875 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 are yet to make a convincing break higher which would require a

close above the Nov 15 high at 112.030. Above here would open the Oct 26 high at

112.035 ahead of a potential return to the double bottom target at 112.050.

Bears need a break below the Oct 22 low at 111.875 to shift the outlook

negative, below which would create downside momentum opening the 55-dma at

111.873 ahead of a return to the Oct 11 low and the key 111.710 level.