(Z9) Still Heavy *RES 4: 112.292.......>

SCHATZ TECHS: (Z9) Still Heavy

*RES 4: 112.292 50-day EMA

*RES 3: 112.230 High Oct 11 / 14

*RES 2: 112.180 High Oct 15

*RES 1: 112.165 Low Sep 13 and key near-term resistance

*PRICE: 112.070 @ 03:36 GMT Oct 22

*SUP 1: 112.065 Low Oct 17

*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 maintains an overall bearish outlook following last weeks move lower.

A resumption of the broader down trend that began on Sep 3 was confirmed on Oct

15 with the breach of former support at 112.165, Sep 13 low. Further weakness is

anticipated near-term towards 112.025, a Fibonacci projection and towards the

112.000 handle. On the upside, firm short-term resistance is seen at 112.165.

The outlook remains bearish below this level.