(Z9) Developing Bullish Theme? *RES....>

SCHATZ TECHS: (Z9) Developing Bullish Theme?

*RES 4: 112.165 Low Sep 13 and former breakout point

*RES 3: 112.128 Bear channel resistance drawn off Sep 3 high

*RES 2: 112.105 High Oct 23/24 and near-term upside trigger

*RES 1: 112.080 High Oct 31

*PRICE: 112.075 @ 04:54 GMT Nov 1

*SUP 1: 111.990 Low Oct 30

*SUP 2: 111.945 0.764 projection of Sep 3 - Sep 13 decline from Oct 3 high

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

*SUP 4: 111.687 Bear channel projection drawn off Sep 3 high

Z9 Schatz rebounded yesterday. The move higher shifts attention to key

resistance at 112.105, Oct 23. If a breach of this level is seen, this would

signal a reversal of the recent downleg and open 112.128, bear channel

resistance drawn off Sep 3 high. Momentum studies are unwinding a previous

oversold condition highlighting a possible developing bullish theme. A failure

to clear 112.105 and break below 111.990 would resume of the downtrend.