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(Z9) Key Resistance Is 112.045 *RES....>

SCHATZ TECHS: (Z9) Key Resistance Is 112.045
*RES 4: 112.165 Low Sep 13 and former breakout level
*RES 3: 112.105 High Oct 23/24
*RES 2: 112.080 High Nov 31 and Nov 1 and key resistance
*RES 1: 112.045 High Nov 20 and intraday bull trigger
*PRICE: 112.000 @ 04:56 GMT Nov 25
*SUP 1: 111.970 Low Nov 21 and 22
*SUP 2: 111.960 Low Nov 11
*SUP 3: 111.940 Low Nov 7 and bear trigger
*SUP 4: 111.815 1.000 projection of Sep 3 - Sep 13 decline from Oct 3 high
Last weeks price action in Z9 Schatz was consolidative resulting in a relatively
shallow pullback. Key resistance this week has been defined at 112.045, Nov 20
high where a break would confirm a resumption of recovery that started on Nov 8.
Last weeks activity however also signalled that recent short-term bullish
momentum has faded. Support lies 111.970, a break would once again expose the
key bear trigger at 111.940, Nov 7 low.

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