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(U17) 112.130 Support Confirms.........>

SCHATZ TECHS
SCHATZ TECHS: (U17) 112.130 Support Confirms Significance
*RES 4: 112.260 Daily Bull channel top 
*RES 3: 112.230 Monthly High June 12 
*RES 2: 112.200 Bollinger band top 
*RES 1: 112.190 High Aug 11 & 14
*PREVIOUS CLOSE: 112.180
*SUP 1: 112.140 21-WMA 
*SUP 2: 112.130 High Aug 1 
*SUP 3: 112.100 Hourly support Aug 9, Bull channel base 
*SUP 4: 112.070 21-DMA
*COMMENTARY: Topside hesitation left a double daily top in place with bulls
taking comfort in the bounce seeing pressure back on 112.190. The Bollinger top
remains the key concern. Bears look for a close below 112.130 to confirm an
easing of bullish pressure and below 112.100 to shift focus back to 112.020-080
where key DMAs are situated. Bulls still need a close above 112.190 ease
pressure on support layers and reconfirm a bullish bias targeting 112.230/260.

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