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(U17) 112.130/140 Resistance...........>

SCHATZ TECHS
SCHATZ TECHS: (U17) 112.130/140 Resistance Currently Blocks Further Rise
*RES 4: 112.230 Jun 12 high
*RES 3: 112.180/190 Jun 14 high, 0.1% volatility band  
*RES 2: 112.140 4 month falling resistance line
*RES 1: 112.130 76.4% Fibo of 112.230-111.81, Aug 1-2 highs
*PRICE: 112.080 @1021GMT
*SUP 1: 112.050/060 Hourly support, Aug 7 low
*SUP 2: 112.020 Jul 28 low
*SUP 3: 111.980 Jul 13 high, now support
*SUP 4: 111.910 Jul 19, 20 lows
*COMMENTARY* Resistance from the 61.8% Fibo retrace level at 112.070 has been
breached. With the subsequent move above 112.090 the next upside markers to note
are now situated between the 112.130/112.140 area. Any higher and look to the
Jun 14 high and upper 0.1% volatility band between 112.180-112.190. In the
meantime, support moves up to 112.060/112.020 and ideally the latter now holds,
if further rally is to be achieved at this juncture.

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