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(U17) 112.230 Break Suggests Scope.....>

SCHATZ TECHS
SCHATZ TECHS: (U17) 112.230 Break Suggests Scope For 112.290-112.350 Next
*RES 4: 112.470 0.2% volatility band
*RES 3: 112.390 61.8% Fibo of 112.750-111.810
*RES 2: 112.360 0.1% volatility band
*RES 1: 112.290/300 May 29, Intraday high
*PRICE: 112.300 @1520GMT
*SUP 1: 112.240 Aug 24 high, now support
*SUP 2: 112.210 Aug 28 low
*SUP 3: 112.190 Aug 11, 14, 17, 18 highs, Aug 25 low
*SUP 4: 112.170 Congestion area Aug 11-18
*COMMENTARY* The break above 112.190 resistance has seen a run at and break
above the Jun 12 high at 112.230, which also happened to be the swing target of
the recent 112.190-112.130 consolidation. Through here and not much currently
evident now until 112.290-112.360. This the May 29 high and the current level of
the upper 0.1% volatility band. As a result, support moves up to
112.240-112.210, the 112.190 area again important, this time as support.
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