(U17) 112.010 Support Remains Key......>

SCHATZ TECHS: (U17) 112.010 Support Remains Key

*RES 4: 112.140 Daily Bull channel top 

*RES 3: 112.110 Low May 30 now resistance 

*RES 2: 112.090 High June 16 

*RES 1: 112.080 High July 28

*PREVIOUS CLOSE: 112.050

*SUP 1: 112.020 Low July 28, 55-DMA 

*SUP 2: 112.010 Hourly support July 26 

*SUP 3: 111.990 Low July 15, Daily Bull channel base 

*SUP 4: 111.970 Low July 24

*COMMENTARY: Higher daily highs and lows continue which adds support to the

bullish case. Layers of resistance remain 112-090/110 with bulls needing a close

above to target 112-180/230 although the channel top may slow the move. Layers

of support continue to accumulate with bears needing a close below 112.010 to

shift focus back to 111.950-990 where the daily bull channel base is located.

Daily studies lingering at O/B remain the key concern for bulls.