(Z9) Watch the 50-Day EMA *RES 4:......>

SCHATZ TECHS: (Z9) Watch the 50-Day EMA

*RES 4: 112.520 High Sep 10 and 12

*RES 3: 112.440 50.0% retracement of Sep 3 - Sep 13 decline

*RES 2: 112.375 38.2% retracement of Sep 3 - Sep 13 decline

*RES 1: 112.345/353 High Sep 30 / 50-day EMA

*PRICE: 112.310 @ 03:41 GMT Oct 2

*SUP 1: 112.225 Low Sep 24

*SUP 2: 112.185 Low Sep 19

*SUP 3: 112.165 Low Sep 13 and bear trigger

*SUP 4: 112.115 3.000 projection of Sep 6 - Sep11 decline from Sep 12 high

Z9 Schatz failed yesterday to extend the upside although activity was fairly

quiet. The recovery since the Sep 13 low still appears to be a corrective in

nature given that it lacks a bullish impulse. Prices have arrived at a cluster

of resistance. The 50-day EMA is at 112.353 with 38.2% of the Sep 3 - Sep 13

decline at 112.375. A break of this zone would be bullish and open 112.440 . A

sub 112.225 print though would instead suggest a bear trend resumption.