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(M2) Correction Extends


Late Session Rebound


(M2) Corrective Cycle Remains In Play


(M2) Gains Still Considered Corrective

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SCHATZ TECHS: (U17) Bulls Dominate While 112.100 Supports
*RES 4: 112.230 Monthly High June 12 
*RES 3: 112.180 High June 14 
*RES 2: 112.160 55-WMA 
*RES 1: 112.140 21-WMA
*SUP 1: 112.130 High Aug 1 
*SUP 2: 112.100 Hourly support Aug 9 
*SUP 3: 112.070 Daily Bull channel base 
*SUP 4: 112.055 112.055 Low Aug 7
*COMMENTARY: Layers of support confirmed significance with the contract bouncing
to pressure the 112.140 resistance. The close above 112.130 to adds support to
the bullish case with above the 55-WMA to reconfirm a bullish bias targeting
112.180-230. The 112.100 support is now key with bears needing a close below to
ease bullish pressure and return focus to 112.020-070 where key DMAs and bull
channel base are situated.

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