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(Z9) Consolidating *RES 4: 112.565.....>

SCHATZ TECHS
SCHATZ TECHS: (Z9) Consolidating
*RES 4: 112.565 High Sep 6 high
*RES 3: 112.520 High Sep 10 and 12
*RES 2: 112.436 Trendline resistance drawn off the Sep 3 high
*RES 1: 112.250 Intraday high
*PRICE: 112.235 @ 03:43 GMT Sep 17
*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 consolidating with bearish pressure pausing for now following the
sharp slide Thursday. Price action is finding support at the 2.618 projection of
the Sep 6 - Sep 11 decline from Sep 12 low, that intersects at 112.167. Momentum
conditions are oversold, however it is too early to determine whether the
current downtrend has found a meaningful base. A clear break of Friday's 112.165
low would open 112.167 and 112.032. Trend resistance is at 112.436.

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