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(Z9) Bear flag *RES 4: 112.520 High....>

SCHATZ TECHS
SCHATZ TECHS: (Z9) Bear flag
*RES 4: 112.520 High Sep 10 and 12
*RES 3: 112.440 50.0% retracement of Sep 3 - Sep 13 decline
*RES 2: 112.375 38.2% retracement of Sep 3 - Sep 13 decline
*RES 1: 112.269/275 Trendline drawn off the Sep 3 high / High Sep 24
*PRICE: 112.270 @ 03:55 GMT Sep 25
*SUP 1: 112.165 Low Sep 13
*SUP 2: 112.115 3.000 projection of Sep 6 - Sep11 decline from Sep 12 high
*SUP 3: 112.032 3.618 projection of Sep 6 - Sep11 decline from Sep 12 high
*SUP 4: 112.000 Round number support
Z9 Schatz is slightly firmer this week but remains broadly consolidative. Recent
activity still appears to be developing into a bear flag, a continuation pattern
that reinforces the bearish theme, particularly following the steep slide on Sep
12. Prices are however currently sitting on trendline resistance drawn off the
Sep 3 high. A break higher today would signal potential for a stronger near-term
bounce. Sub 112.165 levels, Sep 13 low would open 112.167/032.

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