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(U17) 112.020/055 Support Region Key...>

SCHATZ TECHS
SCHATZ TECHS: (U17) 112.020/055 Support Region Key
*RES 4: 112.180 High June 14 
*RES 3: 112.160 55-WMA 
*RES 2: 112.140 21-WMA 
*RES 1: 112.130 High Aug1
*PREVIOUS CLOSE: 112.110
*SUP 1: 112.100 Hourly support Aug 9 
*SUP 2: 112.055 Low Aug 7, Daily bull channel base 
*SUP 3: 112.050 100-DMA 
*SUP 4: 112.030 21-DMA, 55-DMA
*COMMENTARY: Layers of support confirmed significance with the contract bouncing
to pressure the 112.130 resistance. Bulls now look for a close above 112.13 to
add support to their case with above the 55-WMA to reconfirm a bullish bias
targeting 112.180-230. The 112.020-055 support region remains key. Bears need a
close below 112.020 to confirm break of key DMAs and the bull channel base,
shifting immediate focus back to 111.950-970.

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