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(U17) Bears Need Close Below 112.175...>

SCHATZ TECHS
SCHATZ TECHS: (U17) Bears Need Close Below 112.175
*RES 4: 112.290 Daily Bull channel top 
*RES 3: 112.230 Monthly High June 12 
*RES 2: 112.220 Bollinger band top 
*RES 1: 112.210 High Aug 22
*PREVIOUS CLOSE: 112.200
*SUP 1: 112.175 Low Aug 22 
*SUP 2: 112.140 21-WMA, Daily bull channel base 
*SUP 3: 112.130 High Aug 1 
*SUP 4: 112.120 21-DMA
*COMMENTARY: Sideways trading 112.130-190 appears to have ended with bullish
closes above 112.190 that sees bulls focused on the 112.230-290 region where
June highs and the daily bull channel top are located. Studies lingering at O/B
levels and the Bollinger top remain key concern for bulls. Bears now need a
close below 112.175 to return pressure to 112.120-140 where 21 & 100-DMAs and
the 21-WMA are situated.

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