(U18) Bears Need To Reclaim 111.915....>

SCHATZ TECHS: (U18) Bears Need To Reclaim 111.915 To Maintain Downtrend

*RES 4: 112.009 55-DMA 

*RES 3: 112.000 Low July 5, July 16 now resistance  

*RES 2: 111.982 21-DMA  

*RES 1: 111.970 High August 3 

*PREVIOUS CLOSE: 111.940 

*SUP 1: 111.915 Hourly low August 3 

*SUP 2: 111.885 Hourly Low August 2 

*SUP 3: 111.850 Low August 1 

*SUP 4: 111.815 May 22 High now support 

Friday's rally has returned the focus to the upside, with bulls needing a break

above 111.970 to firmly establish a bullish trend and target the 21-DMA at

111.982. On the downside, a close below Friday's hourly low of 111.915 would be

needed to re-establish the broader downtrend, which would be further confirmed

by a push below 111.885.