(Z9) Lacks bullish impulse *RES 4:.....>

SCHATZ TECHS: (Z9) Lacks bullish impulse

*RES 4: 112.520 High Sep 10 and 12

*RES 3: 112.440 50.0% retracement of Sep 3 - Sep 13 decline

*RES 2: 112.375 38.2% retracement of Sep 3 - Sep 13 decline

*RES 1: 112.310 High Sep 26

*PRICE: 112.295 @ 03:04 GMT Sep 27

*SUP 1: 112.225 Low Sep 24

*SUP 2: 112.185 Low Sep 19

*SUP 3: 112.165 Low Sep 13 and bear trigger

*SUP 4: 112.115 3.000 projection of Sep 6 - Sep 11 decline from Sep 12 high

Z9 Schatz remains broadly consolidative. Recent activity still appears to be

developing into a bear flag, a continuation pattern that reinforces the bearish

theme. Price action is so far failing to display an impulsive upside nature as

the contract trades into the body of the sharp sell-off on Sep 12. This

highlights a bearish tone and signals a stronger likelihood of an extension of

this months decline. Sub 112.165 levels, Sep 13 low opens 112.167/032.