(Z9) Pulls Away From Resistance *RES...>

SCHATZ TECHS: (Z9) Pulls Away From Resistance

*RES 4: 112.520 High Sep 10 and 12 and key resistance

*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: 112.365 High Oct 3 and intraday bull trigger

*PRICE: 112.280 @ 03:32 GMT Oct 10

*SUP 1: 112.275 Low Oct 9

*SUP 2: 112.225 Low Sep 24

*SUP 3: 112.185 Low Sep 19

*SUP 4: 112.165 Low Sep 13 and bear trigger

Z9 Schatz has failed so far in its attempt to clear resistance at 112.365, Oct 3

high and an important near-term bull trigger. Yesterday saw prices trade below

support at 112.30, Oct 1 low. This once again highlights a bearish threat,

particularly given that the recovery since Sep 13 has lacked a bullish impulse.

The break lower exposes 112.225 ahead of the key 112.165 low from Sep 13. A move

above 112.365 is required to reinstate a bullish theme.