(U18) Friday's High Remains Key........>

SCHATZ TECHS: (U18) Friday's High Remains Key Resistance

*RES 4: 112.012 55-DMA 

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

*RES 2: 111.970 21-DMA 

*RES 1: 111.970 High August 3 

*PREVIOUS CLOSE: 111.925 

*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 

Prices have failed to retest the highs established on Friday and the bulls need

to overcome this level if the broader downtrend is to be reversed. Above this

level would open up a retest of the 21-DMA, currently at 111.970. On the

downside, the bearish trend would intensify upon a break below 111.915, shifting

the focus to the August 1 lows.