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(Z9) Bear Channel Resistance Cleared...>

SCHATZ TECHS
SCHATZ TECHS: (Z9) Bear Channel Resistance Cleared
*RES 4: 112.165 Low Sep 13 and former breakout level
*RES 3: 112.105 High Oct 23/24
*RES 2: 112.080 High Nov 31 and Nov 1 and near-term upside trigger
*RES 1: 112.040 High Nov 14
*PRICE: 112.025 @ 05:06 GMT Nov 15
*SUP 1: 111.991 Former bear channel resistance
*SUP 2: 111.960 Low Nov 11
*SUP 3: 111.940 Low Nov 7
*SUP 4: 111.815 1.000 projection of Sep 3 - Sep 13 decline from Oct 3 high
Z9 Schatz continued to correct higher yesterday. Prices cleared the bear channel
resistance yesterday 112.005. The channel was drawn off the Sep 3 high. The
break signals scope for a stronger recovery and attention turns to resistance at
112.080, Nov 1 high. Clearance of this level would further reinforce bullish
conditions. Initial support for today lies at 111.991, the former channel top. A
strong break below this level is needed to reinstate a bearish theme.

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