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(Z9) Heavy Still *RES 4: 112.180.......>

SCHATZ TECHS
SCHATZ TECHS: (Z9) Heavy Still
*RES 4: 112.180 High Oct 15
*RES 3: 112.165 Low Sep 13 and former breakout point
*RES 2: 112.105 High Oct 23/24 and intraday upside trigger
*RES 1: 112.065 High Oct 28
*PRICE: 112.025 @ 04:54 GMT Oct 30
*SUP 1: 112.015 Low Oct 29
*SUP 2: 112.000 Round number support
*SUP 3: 111.945 0.764 projection of Sep 3 - Sep 13 decline from Oct 3 high
*SUP 4: 111.815 1.000 projection of Sep 3 - Sep 13 decline from Oct 3 high
Z9 Schatz remains bearish having breached former support at 112.065/055 Monday.
This confirmed a resumption of the downtrend and maintains the broader price
sequence of lower lows and lower highs that began on Sep 3. The focus is on
111.945 next with the 112.025 objective achieved yesterday, both Fibonacci
projection levels. Momentum studies are oversold but don't appear to be a threat
to bears at this stage. Resistance is at 112.105.
MarketsFixed Income Bullets
MarketsFixed Income Bullets

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