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(U17) Bulls Need Close Above 112.140...>

SCHATZ TECHS
SCHATZ TECHS: (U17) Bulls Need Close Above 112.140
*RES 4: 112.180 High June 14 
*RES 3: 112.170 Daily Bull channel top 
*RES 2: 112.160 55-WMA 
*RES 1: 112.140 21-WMA
*PREVIOUS CLOSE: 112.105
*SUP 1: 112.080 Low Aug 3 
*SUP 2: 112.050 100-DMA 
*SUP 3: 112.030 55-DMA 
*SUP 4: 112.020 Low July 28
*COMMENTARY: Hesitation ahead of the 21-WMA is less than ideal for bulls with
daily studies at O/B levels & the Bollinger top (112.130) limiting follow
through. The break of 112.095 lacked follow through with bears now needing a
close below 112.080 to shift immediate focus back to 112.020-050 where the bull
channel base, 55 & 100-DMAs are located. Bulls look for a close above 112.140 to
reconfirm the bullish bias and above 112.180 to confirm focus on 112.230.

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