(Z9) Bears Hold On *RES 4: 112.300.....>

SCHATZ TECHS: (Z9) Bears Hold On

*RES 4: 112.300 Low Oct 1

*RES 3: 112.230 High Oct 11 / 14 and key near-term resistance

*RES 2: 112.180 High Oct 15

*RES 1: 112.160 High Oct 16

*PRICE: 112.120 @ 03:35 GMT Oct 17

*SUP 1: 112.105 Low Oct 16

*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 sell-off 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.