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(U17) 112.095 Support Remains Key......>

SCHATZ TECHS
SCHATZ TECHS: (U17) 112.095 Support Remains Key
*RES 4: 112.230 Monthly High June 12 
*RES 3: 112.180 High June 14 
*RES 2: 112.160 Daily Bull channel top, 55-WMA 
*RES 1: 112.140 21-WMA
*PREVIOUS CLOSE: 112.100
*SUP 1: 112.095 Hourly resistance Aug 1 now support 
*SUP 2: 112.050 100-DMA 
*SUP 3: 112.030 55-DMA 
*SUP 4: 112.020 Low July 28
*COMMENTARY: Closes above the 100-DMA provided the catalyst for a break higher
that sees bulls focused on layers of resistance 112.140/230. Daily studies at
O/B levels and the Bollinger top (112.130) remain key concerns for bulls with
potential to limit follow through. Initial support is noted at 112.095 with
bears needing a close below to ease bullish pressure and shift focus back to
112.010-050 where the bull channel base and key DMAs are situated.

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