(U17) 112.090 Now The Bar To A.........>

SCHATZ TECHS: (U17) 112.090 Now The Bar To A 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: 112.080 Jul 31 high

*PRICE: 112.080 @1045GMT

*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 as has the

61.8% Fibo retrace level at 112.070. The next upside markers to note are now

situated between 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.