(U18) Positive Above 111.925 *RES 4:...>

SCHATZ TECHS: (U18) Positive Above 111.925

*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: 111.990 

*SUP 1: 111.925 Low Aug 29

*SUP 2: 111.850 Low Aug 1 

*SUP 3: 111.815 May 22 

*SUP 4: 111.710 May 15 

The Sep-18 Schatz continues to underperform, with Friday's price action failing

to build on Thursday's recovery gains. That said, bulls have the upper hand

while ever the Aug 8 low of 111.920 remains intact with bulls eyeing the Aug 22

highs ahead of the Aug 17 peak. A break above here would shift the focus back to

the May 30 spike high. Bears need to close below 111.925 to shift the outlook

back to negative.