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(U17) Supported On Dips *RES 4:........>

SCHATZ TECHS
SCHATZ TECHS: (U17) Supported On Dips
*RES 4: 112.300 High Apr 24 now support 
*RES 3: 112.290 Monthly High May 30 
*RES 2: 112.263 Bollinger band top 
*RES 1: 112.260 High Aug 28
*PREVIOUS CLOSE: 112.250
*SUP 1: 112.215 Low Aug 28 
*SUP 2: 112.202 Daily Bull channel base A 
*SUP 3: 112.190 Low Aug 25 
*SUP 4: 112.175 Low Aug 22
*COMMENTARY: Since sideways trading 112.130-190 ended the contract has attracted
support on dips. Bears look for a close below 112.175 to confirm an easing of
bullish pressure and below 112.130 to confirm a break of the 21-DMA and
initially pressure 112.043-072 where 55 & 100-DMAs are situated. Bulls remain
focused on 112.290-340 where May highs and the bull channel top are located. The
Bollinger band top is the key concern for bulls.

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