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(U17) Looking A Little Heavy *RES 4:...>

SCHATZ TECHS
SCHATZ TECHS: (U17) Looking A Little Heavy
*RES 4: 112.180 Daily Bull channel top 
*RES 3: 112.150 55-WMA 
*RES 2: 112.140 21-WMA 
*RES 1: 112.110 High Aug 4
*PREVIOUS CLOSE: 112.080
*SUP 1: 112.060 Low July 31 
*SUP 2: 112.050 100-DMA 
*SUP 3: 112.030 55-DMA, Daily bull channel base 
*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 contract remains heavy with bears now focused on layers of support
112.000-060 where key DMAs and the bull channel base are situated. Bulls now
need a close above 112.110 to gain breathing room and above the 55-WMA to
reconfirm a bullish bias targeting 112.180-230.

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