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SCHATZ TECHS: (Z9) Resistance At 112.130 Is Key
*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: 112.100 @ 03:33 GMT Oct 23
*SUP 1: 112.065 Low Oct 17/21 and bear trigger
*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 firmer and off yesterday's low however for now, the downtrend
remains intact. To threaten this outlook, prices need to move above initial
resistance at 112.130, Oct 17 low. Such a move would also have positive momentum
behind it which is currently in oversold territory and attempting to recover. A
break higher would open 112.230. On the downside, a move below 112.065 would
instead confirm a resumption of the broader downtrend.