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(U18) Contracting Range *RES 3:........>

SCHATZ TECHS
SCHATZ TECHS: (U18) Contracting Range
*RES 3: 112.270 High May 30 
*RES 2: 112.130 High July 2 
*RES 1: 112.080 High July 6/Aug13,15,17 
*PREVIOUS CLOSE: 112.060 
*SUP 1: 112.025 Low Aug 15 
*SUP 2: 111.977 21-DMA 
*SUP 3: 111.850 Low August 1 
*SUP 4: 111.815 May 22 
The key 112.080 resistance level remains intact as the Sep-18 Schatz trades in a
contracting range which suggests a significant breakout may be coming. Bulls
need to close above Friday's high 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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