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(U17) 112.130 Break Can Trigger........>

SCHATZ TECHS
SCHATZ TECHS: (U17) 112.130 Break Can Trigger Further 112.170-112.210 Rise
*RES 4: 112.290 May 29 high
*RES 3: 112.230 Jun 12 high
*RES 2: 112.220 0.1% volatility band  
*RES 1: 112.180 Jun 14 high
*PRICE: 112.170 @1453GMT
*SUP 1: 112.100 Aug 10 low
*SUP 2: 112.080 Hourly support
*SUP 3: 112.060 Aug 7 low
*SUP 4: 112.020 Jul 28 low
*COMMENTARY* Congested resistance from around the 112.130 area has given way
today. A sustained break through here and there is not much to prevent a further
112.170-112.180 rise next. These ahead of the 0.1% volatility band at 112.220 a
notable curtailer of rallies in the past. As a result, Thursday's 112.100 low
now forms initial support, with the 112.080 level below. Between them they
should hold any setbacks now, if the rally is to prosper.

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