(U18) Downtrend Gathering Pace *RES...>

SCHATZ TECHS: (U18) Downtrend Gathering Pace 

*RES 4: 112.270 High May 30 

*RES 3: 112.130 High July 2 

*RES 2: 112.080 High July 6/Aug13,15,17 

*RES 1: 112.030 High Aug 22 

*PREVIOUS CLOSE: 111.955 

*SUP 1: 111.920 Low Aug 8 

*SUP 2: 111.850 Low Aug 1 

*SUP 3: 111.815 May 22 

*SUP 4: 111.710 May 15 

Bears managed to reverse early gains to register the fifth daily drop in a row

for the Sep-18 Schatz, taking out the 21-dma in the process. The Aug 8 low at

111.920 remains the next downside target ahead of the Aug  1 low. Bulls need to

overcome the Aug 22 highs of 112.030 to return the focus to the upside.