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(Z9) Clears Support *RES 4: 112.230....>

SCHATZ TECHS
SCHATZ TECHS: (Z9) Clears Support
*RES 4: 112.230 High Oct 11/14
*RES 3: 112.180 High Oct 15
*RES 2: 112.165 Low Sep 13 and former breakout point
*RES 1: 112.105 High Oct 23/24 and intraday upside trigger
*PRICE: 112.030 @ 04:48 GMT Oct 29
*SUP 1: 112.025 0.618 projection of Sep 3 - Sep 13 decline from Oct 3 high
*SUP 2: 112.000 Round number support
*SUP 3: 111.945 0.764 projection of Sep 3 - Sep 13 decline from Oct 3 high
*SUP 4: 111.815 1.000 projection of Sep 3 - Sep 13 decline from Oct 3 high
The recent period of consolidation in the Z9 Schatz yesterday proved to be a
pause in the downtrend. Furthermore, the downtrend resumed yesterday following
the break of former support at 112.065/055. This has opened up the objectives at
112.025 and 111.945, both Fibonacci projection levels. Momentum studies are in
oversold territory but don't appear to signal a threat to bears at this stage.
Resistance is at 112.105. Heavy for now.
MarketsFixed Income Bullets
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