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(Z9) Continued Weakness Likely *RES....>

SCHATZ TECHS
SCHATZ TECHS: (Z9) Continued Weakness Likely
*RES 4: 112.105 High Oct 23/24
*RES 3: 112.080 High Oct 31 and Nov 1 and near-term upside trigger
*RES 2: 112.046 Bear channel resistance drawn off Sep 3 high
*RES 1: 112.030 High Nov 7
*PRICE: 111.965 @ 04:56 GMT Nov 11
*SUP 1: 111.940 Low Nov 7
*SUP 2: 111.815 1.000 projection of Sep 3 - Sep 13 decline from Oct 3 high
*SUP 3: 111.685 1.236 projection of Sep 3 - Sep 13 decline from Oct 3 high
*SUP 4: 111.602 Bear channel projection drawn off Sep 3 high
Z9 Schatz retains a bearish focus following last week's sell-off. The key
technical development recently has been the break, on Nov 7 of former support at
111.990, Oct 30 low. The breach has confirmed a resumption of the downtrend that
has been in place since Sep 3 and paves the way for weakness towards 111.815
next, a Fibonacci projection. Resistance has been defined at Thursday's high of
112.030. Heavy for now!

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