(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.