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(Z9) Falling off a cliff! *RES 4:......>

SCHATZ TECHS
SCHATZ TECHS: (Z9) Falling off a cliff!
*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 and 12
*PRICE: 112.200 @ 02:36 GMT Sep 13
*SUP 1: 112.175 Low Sep 12
*SUP 2: 112.167 2.618 projection of Sep 6 - Sep 11 decline from Sep 12 high
*SUP 3: 112.115 3.000 projection of Sep 6 - Sep11 decline from Sep 12 high
*SUP 4: 112.032 3.618 projection of Sep 6 - Sep11 decline from Sep 12 high
Heavy selling pressure in Z9 Schatz yesterday leaves the current downtrend
firmly in place. The recently confirmed double top reversal continues to weigh
with momentum and S/T moving average studies in a bearish mode. More importantly
though, is the break yesterday of the 50-day EMA that in an uptrend represents a
broad area of support. The break, at 112.42 signals scope for a deeper decline
towards 112.167 and 112.032. Resistance is at 112.520.
MarketsFixed Income Bullets
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