(Z9) Daily Ranges Tightening *RES 4:...>

SCHATZ TECHS: (Z9) Daily Ranges Tightening

*RES 4: 112.520 High Sep 10 and 12

*RES 3: 112.440 50.0% retracement of Sep 3 - Sep 13 decline

*RES 2: 112.375 38.2% retracement of Sep 3 - Sep 13 decline

*RES 1: 112.345/352 High Sep 30 / 50-day EMA

*PRICE: 112.320 @ 03:41 GMT Oct 3

*SUP 1: 112.280 Low Sep 27

*SUP 2: 112.225 Low Sep 24

*SUP 3: 112.185 Low Sep 19

*SUP 4: 112.165 Low Sep 13 and bear trigger

Z9 Schatz daily ranges remain tight for now as consolidation sets in. The

recovery since the Sep 13 low still appears to be a corrective in nature given

that it lacks a bullish impulse. Prices have arrived at a cluster of resistance.

The 50-day EMA is at 112.352 with 38.2% of the Sep 3 - Sep 13 decline at

112.375. A break of this zone is needed to see bullish interest return and open

112.440 . A sub 112.225 print though would suggest a bear trend resumption.