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(Z9) Oversold *RES 4: 112.520 High.....>

SCHATZ TECHS
SCHATZ TECHS: (Z9) Oversold
*RES 4: 112.520 High Sep 12
*RES 3: 112.464 Trendline resistance drawn off the Sep 3 high
*RES 2: 112.430 Low Sep 9
*RES 1: 112.245 High Sep 13
*PRICE: 112.230 @ 03:29 GMT Sep 16
*SUP 1: 112.165 Low Sep 13
*SUP 2: 112.115 3.000 projection of Sep 6 - Sep11 decline from Sep 12 high
*SUP 3: 112.032 3.618 projection of Sep 6 - Sep11 decline from Sep 12 high
*SUP 4: 112.000 Round number support
Z9 Schatz managed to stabilise Friday, following the sharp slide Thursday. Price
action is finding support at the 2.618 projection of the Sep 6 - Sep 11 decline
from Sep 12 low, that intersects at 112.167. Momentum conditions are in oversold
territory, however it is too early to determine whether the current downtrend
has found a base. A clear break of Friday's 112.165 low would open 112.167 and
112.032, both projection levels. Initial resistance is at 112.245.

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