(Z9) Rebounds *RES 4: 112.165 Low......>

SCHATZ TECHS: (Z9) Rebounds

*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: 112.040 High Nov 14 and intraday bull trigger

*PRICE: 112.030 @ 04:57 GMT Nov 20

*SUP 1: 111.985 Low Nov 19

*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

Z9 Schatz last week cleared its bear channel resistance at 112.005. The channel

was drawn off the Sep 3 high. The break signals scope for a stronger recovery

and yesterday's gains are an encouraging development for S/T bulls. Attention is

on resistance at 112.080, Nov 1 high. Clearance of this level is required to

highlight a stronger bullish outlook. Initial support lies at 111.985,

yesterday's low. A break of this support would reinstate a bearish threat.