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(Z9) Softer Again *RES 4: 112.165......>

SCHATZ TECHS
SCHATZ TECHS: (Z9) Softer Again
*RES 4: 112.165 Low Sep 13 and former breakout point
*RES 3: 112.105 High Oct 23/24
*RES 2: 112.087 Bear channel resistance drawn off Sep 3 high
*RES 1: 112.080 High Oct 31 and Nov 1 and near-term upside trigger
*PRICE: 112.015 @ 05:01 GMT Nov 6
*SUP 1: 112.010 Low Nov 5 and intraday low
*SUP 2: 111.990 Low Oct 30
*SUP 3: 111.945 0.764 projection of Sep 3 - Sep 13 decline from Oct 3 high
*SUP 4: 111.815 1.000 projection of Sep 3 - Sep 13 decline from Oct 3 high
Z9 Schatz found support last week at 111.990. Prices have however pulled back
this week and the focus is on the support once again with bond markets in
general under pressure. A break of 111.990 would confirm a resumption of the
downtrend that has been in place since Sep 3 and open 111.945 initially, a
Fibonacci projection. Resistance has been defined at 112.080, Oct 31 and Nov 1
high. Clearance of this level would represent a S/T bullish development.

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