(Z9) Looking To Clear Support *RES.....>

SCHATZ TECHS: (Z9) Looking To Clear Support

*RES 4: 112.230 High Oct 11/14

*RES 3: 112.180 High Oct 15

*RES 2: 112.165 Low Sep 13 and former breakout point

*RES 1: 112.130 High Oct 17 and intraday upside trigger

*PRICE: 112.065 @ 04:29 GMT Oct 28

*SUP 1: 112.055 Low Oct 24/25

*SUP 2: 112.025 0.618 projection of Sep 3 - Sep 13 decline from Oct 3 high

*SUP 3: 112.000 Round number support

*SUP 4: 111.945 0.764 projection of Sep 3 - Sep 13 decline from Oct 3 high

Z9 Schatz is still consolidating but did briefly probe support late last week at

112.065. A clear break is still required to confirm a resumption of the main

downtrend. From a trend perspective, the direction is still down. To threaten

this outlook, a break above resistance at 112.130, Oct 17 low is required. This

would also likely have positive momentum behind it which is currently oversold.

A break would open 112.230, Oct 11/14 high. Bearish for now targeting 112.025.