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(Z9) Downside extension *RES 4:........>

SCHATZ TECHS: (Z9) Downside extension
*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: 112.455 @ 03:10 GMT Sep 11
*SUP 1: 112.450 Intraday low
*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 as prices extend the
current move lower having cleared key support at 112.530, the low of Aug 22.
This marked the midpoint of the now confirmed double top reversal pattern. The
focus is on a deeper pullback towards the 112.418 level which is where the
50-day EMA intersects. Momentum studies are in a bear mode too highlighting the
current bearish theme. On the upside, resistance is at 112.520 and 112.565.

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