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(Z9) Heavy *RES 4: 112.388 61.8%.......>

SCHATZ TECHS
SCHATZ TECHS: (Z9) Heavy
*RES 4: 112.388 61.8% retracement of Sep 12 range
*RES 3: 112.365 High Oct 3 and intraday bull trigger
*RES 2: 112.300 Low Oct 1 and key near-term resistance
*RES 1: 112.230 High Oct 11
*PRICE: 112.175 @ 03:13 GMT Oct 15
*SUP 1: 112.170 Low Oct 14 and intraday low
*SUP 2: 112.165 Low Sep 13 and bear trigger
*SUP 3: 112.025 0.618 projection of Sep 3 - Sep 13 decline from Oct 3 high
*SUP 4: 112.000 Round number support
Z9 Schatz maintains a softer tone as last weeks sell-off extends. The focus is
on continued weakness following last weeks move lower that highlighted the fact
the recovery since Sep 13 was a correction and that the correction is over. With
momentum studies pointing down, attention is on 112.165, Sep 13 low where a
break would open 112.025, a Fibonacci projection. On the upside, 112.300 marks
firm resistance, Oct 1 low.

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