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(U17) 112.215 Support Remains Key......>

SCHATZ TECHS
SCHATZ TECHS: (U17) 112.215 Support Remains Key
*RES 4: 112.310 Daily Bull channel top 
*RES 2: 112.300 High Apr 24 now support, Bull channel top 
*RES 1: 112.290 Monthly High May 30 
*RES 1: 112.240 High Aug 24, Bollinger band top
*PREVIOUS CLOSE: 112.225
*SUP 1: 112.215 Hourly support Aug 23 
*SUP 2: 112.185 Low Aug 23 
*SUP 3: 112.175 Low Aug 22 
*SUP 4: 112.160 Daily Bull channel base
*COMMENTARY: Sideways trading 112.130-190 ended with bullish closes above
112.190 that sees bulls focused on 112.290-340 where May highs and the bull
channel top are located. The Bollinger band top is the key concern for bulls
with potential to limit follow through. Initial support is noted at 112.215 with
bears needing a close below to ease immediate bullish pressure and hint at a
correction back to 112.130-185 where the bull channel base & 21-DMA are noted.

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