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(U17) Bears Need Close Below 112.010...>

SCHATZ TECHS
SCHATZ TECHS: (U17) Bears Need Close Below 112.010
*RES 4: 112.130 Daily Bull channel top 
*RES 3: 112.110 Low May 30 now resistance 
*RES 2: 112.090 High June 16 
*RES 1: 112.070 High July 27
*PREVIOUS CLOSE: 112.050
*SUP 1: 112.040 Low July 27 
*SUP 2: 112.010 Hourly support July 26 
*SUP 3: 111.990 Low July 15 
*SUP 4: 111.980 Daily Bull channel base
*COMMENTARY: Higher daily highs and lows continue which adds support to the
bullish case. Layers of resistance remain 112-090/110 with bulls needing a close
above to confirm a break of the 100-DMA (112.050) and target 112-180/230. Layers
of support continue to accumulate with bears needing a close below 112.010 to
shift focus back to 111.950-980 where the daily bull channel base is located.
Daily studies lingering at O/B is the key concern for bulls.

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