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(Z9) Sideways *RES 4: 112.859 1.618....>

SCHATZ TECHS
SCHATZ TECHS: (Z9) Sideways
*RES 4: 112.859 1.618 projection of Aug 22 - Sep 8 climb from Sep 4 low
*RES 3: 112.745 1.000 projection of Aug 22 - Sep 8 climb from Sep 4 low
*RES 2: 112.715 Contract high, Sep 3
*RES 1: 112.660 High Sep 4
*PRICE: 112.585 @ 03:15 GMT Sep 5
*SUP 1: 112.560 Low Sep4
*SUP 2: 112.545 Low Aug 23
*SUP 3: 112.530 Low Aug 22 and key support
*SUP 4: 112.401 50-day EMA
Z9 Schatz faced selling pressure yesterday before finding strong support at the
days low. Despite the fresh contract high of 112.610 yesterday at 112.715, the
consolidation that has unfolded since Aug 20 remains intact. This is being
viewed as a pause in the trend ahead of stronger resumption higher. However, an
inability to hold above key support at 112.530, Aug 22 low would highlight the
potential for a deeper correction. The bull trigger is 112.715.

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