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

SCHATZ TECHS: (Z9) Sideways
*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: 112.045 High Nov 20 and intraday bull trigger
*PRICE: 112.005 @ 04:56 GMT Nov 28
*SUP 1: 111.970 Low Nov 21 and 22
*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
Last weeks price action in Z9 Schatz was consolidative resulting in a relatively
shallow pullback and activity this week has so far remained consolidative too.
Key resistance has been defined at 112.045, Nov 20 high where a break would
confirm a resumption of gains that started on Nov 8. Last weeks activity however
also signalled that recent S/T bullish momentum has faded. Support is at
111.970, a break would expose the bear trigger at 111.940, Nov 7 low.

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