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(U17) 112.190 Now The Bar To Higher....>

SCHATZ TECHS: (U17) 112.190 Now The Bar To Higher 112.220-112.230 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: 112.190 Aug 11, Aug 14 highs
*PRICE: 112.170 @1515GMT
*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* Congested resistance from around the 112.130 area was broken on
Friday. A sustained break through here and there is not much to prevent a
further 112.180-112.190 rise next. These ahead of the 0.1% volatility band at
112.220 a notable curtailer of rallies in the past. As a result, support rises
to 112.130-112.120 with last Thursday's 112.100 low now important below. Between
them they should hold any setbacks now, if the rally is to continue.

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