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(U17) Double Daily Top, 112.100-130....>

SCHATZ TECHS
SCHATZ TECHS: (U17) Double Daily Top, 112.100-130 Support Key
*RES 4: 112.230 Monthly High June 12 
*RES 3: 112.200 Bollinger band top 
*RES 2: 112.190 High Aug 11 & 14 
*RES 1: 112.165 Hourly resistance Aug 15
*PREVIOUS CLOSE: 112.160
*SUP 1: 112.140 21-WMA 
*SUP 2: 112.130 High Aug 1 
*SUP 3: 112.100 Hourly support Aug 9, Bull channel base 
*SUP 4: 112.070 21-DMA
*COMMENTARY: Topside hesitation left a double daily top in place as resistance
layers begin to accumulate. The Bollinger top remains the key concern having
recently limited follow through. Bears look for a close below 112.130 to confirm
an easing of bullish pressure and below 112.100 to shift focus back to
112.020-070 where key DMAs are situated. Bulls now need a close above 112.190
ease pressure on support layers and retain focus on 112.230 June highs.

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