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(U17) 112.190 Caps And Triggers Near...>

SCHATZ TECHS
SCHATZ TECHS: (U17) 112.190 Caps And Triggers Near Term Correction
*RES 4: 112.290 May 29 high
*RES 3: 112.240 0.1% volatility band
*RES 2: 112.230 Jun 12 high
*RES 1: 112.190 Aug 11, Aug 14 highs
*PRICE: 112.140 @1149GMT
*SUP 1: 112.120/130 Hourly support
*SUP 2: 112.100 Aug 10 low
*SUP 3: 112.060 Aug 7 low
*SUP 4: 112.020 Jul 28 low
*COMMENTARY* Following the break through congested 112.130 resistance last
Friday, we have seen a further rise to the top of the next 112.180-112.190
target area. Has struggled here over the last couple of days and looks in need
of some near term correction. In this respect, 112.130-112.120 offers initial
support, the Aug 10 low at 112.100 below. Loss of the latter would then put the
key 112-060 level under pressure. Above 112.190 and 112.230-112.240 next.

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