(Z9) Bulls Hold On *RES 4: 112.165.....>

SCHATZ TECHS: (Z9) Bulls Hold On

*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 key resistance

*RES 1: 112.045 High Nov 20 and intraday bull trigger

*PRICE: 112.035 @ 04:49 GMT Nov 21

*SUP 1: 111.985 Low Nov 19

*SUP 2: 111.960 Low Nov 11

*SUP 3: 111.940 Low Nov 7 and bear trigger

*SUP 4: 111.815 1.000 projection of Sep 3 - Sep 13 decline from Oct 3 high

Z9 Schatz maintains a positive outlook. Last week, prices cleared the bear

channel resistance at 112.005, drawn off the Sep 3 high. The break signals scope

for a stronger recovery and yesterday's gains are an encouraging development for

S/T bulls. Attention is on resistance at 112.080, Nov 1 high. Clearance of this

level is required to highlight a stronger bullish outlook. Initial support is at

111.985, Tuesday's low. A break would reinstate a bearish threat.