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(U18) 112.080 A Key Resistance Level...>

SCHATZ TECHS: (U18) 112.080 A Key Resistance Level
*RES 3: 112.270 High May 30 
*RES 2: 112.130 High July 2 
*RES 1: 112.080 High July 6/Aug13,15,17 
*SUP 1: 112.025 Low Aug 15 
*SUP 2: 111.975 21-DMA 
*SUP 3: 111.850 Low August 1 
*SUP 4: 111.815 May 22 
The 112.080 level is becoming formidable resistance, having remained firm in
spite of being tested on Monday,Wednesday, and Friday of last week. Bulls need
to close above here to keep the uptrend intact and target the July 2 high at
112.130. Failure to overcome this level will likely see bears target the August
15 low of 112.025 and potentially the 21-DMA, a break of which would reverse the
broader bullish trend.  

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