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(Z9) Bearish Extension *RES 4:.........>

SCHATZ TECHS
SCHATZ TECHS: (Z9) Bearish Extension
*RES 4: 112.365 High Oct 3 and intraday bull trigger
*RES 3: 112.300 Low Oct 1
*RES 2: 112.230 High Oct 11 / 14 and key near-term resistance
*RES 1: 112.18 High Oct 15
*PRICE: 112.130 @ 03:44 GMT Oct 16
*SUP 1: 112.125 Low Oct 15
*SUP 2: 112.025 0.618 projection of Sep 3 - Sep 13 decline from Oct 3 high
*SUP 3: 112.000 Round number support
*SUP 4: 111.815 1.000 projection of Sep 3 - Sep 13 decline from Oct 3 high
Z9 Schatz was weaker again yesterday extending the downtrend following the
recent confirmation of a resumption of the bear trend on the break of former
support at 112.165, Sep 13 low. Momentum studies are bearish too, reinforcing
the current bearish phase. The focus is on weakness towards 112.025, a Fibonacci
projection and the 112.000 handle. On the upside, firm short-term resistance is
seen at 112.230. The outlook remains bearish below this level.

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