(U18) Bullish Trendline Break *RES.....>

SCHATZ TECHS: (U18) Bullish Trendline Break

*RES 4: 112.013 55-DMA 

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

*RES 2: 111.970 High August 3 

*RES 1: 111.966 21-DMA

*PREVIOUS CLOSE: 111.950 

*SUP 1: 111.940 Downtrend resistance now support

*SUP 2: 111.915 Low August 3 

*SUP 3: 111.850 Low August 1 

*SUP 4: 111.815 May 22 

The downtrend from the July 2 highs was breached yesterday and bulls now need a

close above the August 3 high of 111.970 to confirm the breakout and target the

55-DMA at 112.013. Downtrend resistance-turned-support now comes in at 111.940

and bears will need to close below this level to shift the focus back to the

downside.