(Z9) Upside Momentum Stalling *RES.....>

SCHATZ TECHS: (Z9) Upside Momentum Stalling

*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: 111.975 @ 04:02 GMT Nov 22

*SUP 1: 111.970 Low Nov 21

*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

Z9 Schatz bullish price action has stalled. Yesterday's sell-off resulted in a

move below support at 111.985. This does suggest that recent short-term bullish

momentum has faded. Unless prices are able to trade above the recent high of

112.045, the risk has increased that futures will remain vulnerable near-term

with the key bear trigger of 111.940 exposed, Nov 7 low. A move below 111.940

would confirm a resumption of the downtrend.