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(U17) Bears Need Close Below 112.245...>

SCHATZ TECHS: (U17) Bears Need Close Below 112.245
*RES 4: 112.331 Daily Bull channel top 
*RES 3: 112.300 High Apr 24 now support 
*RES 2: 112.290 Monthly High May 30, High Aug 29 
*RES 1: 112.274 Bollinger band top
*SUP 1: 112.245 Low Aug 29 
*SUP 2: 112.215 Low Aug 28 
*SUP 3: 112.212 Daily Bull channel base 
*SUP 4: 112.190 Low Aug 25
*COMMENTARY: Since sideways trading 112.130-190 ended the contract has attracted
support on dips. Bears now look for a close below 112.245 to confirm an easing
of bullish pressure and below 112.190 to shift immediate pressure to 112.164-190
where the 21-DMA is located. Overall below 112.130 is needed to target
112.045-073. While 112.245 supports immediate focus remains on 112.290-331. O/B
studies and the Bollinger top (112.274) remain concerns.

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