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(U17) Closes Above Key WMAs *RES 4:....>

SCHATZ TECHS
SCHATZ TECHS: (U17) Closes Above Key WMAs
*RES 4: 112.340 Low Apr 20 now resistance 
*RES 3: 112.230 Monthly High June 12 
*RES 2: 112.190 High Aug 11 
*RES 1: 112.180 Bollinger band top
*PREVIOUS CLOSE: 112.160
*SUP 1: 112.160 55-WMA 
*SUP 2: 112.140 21-WMA 
*SUP 3: 112.130 High Aug 1 
*SUP 4: 112.100 Hourly support Aug 9
*COMMENTARY: Layers of support confirmed significance with the rally Friday
resulting in fresh 2mth highs and confirming current focus now on tests of the
112.23 June high. The Bollinger top is the key concern for bulls and currently
limits follow through. The 112.100-160 support region where key WMAs are
situated is key for bulls this week. Bears need a close below 112.130 to ease
immediate bullish pressure and below 112.100 to shift focus back to 112.020-080.

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