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(Z9) Double top still weighs *RES 4:...>

SCHATZ TECHS: (Z9) Double top still weighs
*RES 4: 112.715 Contract high, Sep 3
*RES 3: 112.655 High Sep 5
*RES 2: 112.565 High Sep 6
*RES 1: 112.520 High Sep 10
*PRICE: 112.480 @ 02:50 GMT Sep 12
*SUP 1: 112.430 Low Sep 11
*SUP 2: 112.418 50-day EMA
*SUP 3: 112.365 1.00 projection of Sep 3 - Sep 6 decline from Sep 6 high
*SUP 4: 112.345 Double top projection
Z9 Schatz selling pressure dominated again yesterday although prices did find
support. The outlook remains bearish however following the recent breach of key
support at 112.530, Aug 22 low. This marked the midpoint of the now confirmed
double top reversal pattern. The focus is on the 112.418 level which is where
the 50-day EMA intersects. This level could prove to be a strong support,
however for now signs are that bears remain in control. 112.565 is resistance.

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