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SCHATZ TECHS: (Z9) Double top threat
*RES 4: 112.715 Contract high, Sep 3
*RES 3: 112.669 76.4% retracement of the Sep 3 - Sep decline
*RES 2: 112.660 High Sep 4
*RES 1: 112.655 High sep 5
*PRICE: 112.525 @ 02:57 GMT Sep 6
*SUP 1: 112.520 Low Sep 5
*SUP 2: 112.470 Low Aug 7
*SUP 3: 112.406 50-day EMA
*SUP 4: 112.345 Double top projection
Z9 Schatz also faced selling pressure yesterday and did probe key support at
112.530, the low of Aug 22 which also marks the midpoint of what appears to be a
double top. A break of yesterday's 112.520 low would confirm a clear break of
112.530 and also confirm the double top. This would set the scene for a deeper
pullback towards the 112.40 level which is close to where the 50-day EMA
intersects at 112.406. On the upside, initial resistance is at 112.655.