(U18) Bounces From Key Support *RES....>

SCHATZ TECHS: (U18) Bounces From Key Support

*RES 4: 112.085 Lows July 2 & 3 now resistance 

*RES 3: 112.045 21-DMA 

*RES 2: 112.010 High July 23 

*RES 1: 111.986 55-DMA

*PREVIOUS CLOSE: 111.980

*SUP 1: 111.945 Low July 24 

*SUP 2: 111.940 High June 13 now support 

*SUP 3: 111.889 100-DMA 

*SUP 4: 111.865 Monthly Low June 14

*COMMENTARY: Pressure returning to the key 111.940 support has so far failed to

produce a break lower with the pair bouncing to pressure the 55-DMA. Bulls

continue to look for a close above 112.010 to confirm traction above the 55-DMA

and shift initial focus to 112.045-085 where the 21-DMA is situated. Bears still

need a close below 111.940 to shift initial focus to 111.865-889 where the

100-DMA is located.