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(U17) 112.070-112.090 The Bar To.......>

SCHATZ TECHS
SCHATZ TECHS: (U17) 112.070-112.090 The Bar To Further Rise
*RES 4: 112.230 Jun 12 high
*RES 3: 112.130/140 76.4% of 112.230-111.81, 0.1% vol band
*RES 2: 112.090 Jun 16 high
*RES 1: 112.070/080 61.8% of 112.230-111.81, intraday high
*PRICE: 112.070 @1158GMT
*SUP 1: 111.990/010 Hourly support
*SUP 2: 111.970 Jul 21 low
*SUP 3: 111.940 Jun 28 high, now support
*SUP 4: 111.910 Jul 14 low
*COMMENTARY* Recent resistance from 112.030 has now been breached, the 61.8%
Fibo retrace level at 112.070 is now the next upside marker to note, ahead of
the 112.090/112-140 area. The latter the current level of the upper 0.1%
volatility band, a known inhibitor to gains. In the meantime, support moves up
to 112.010/111.990 and ideally the latter holds, if further rally is to be
achieved at this juncture.

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