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(U9) 8-Week Resistance Line Capping....>

SCHATZ TECHS
SCHATZ TECHS: (U9) 8-Week Resistance Line Capping
*RES 4: 112.550 Channel top drawn off June 6 low
*RES 3: 112.500 Psychological level
*RES 2: 112.450 Range breakout projection
*RES 1: 112.423/435 Resistance line from June 18; Contract high Aug 7
*PRICE: 112.420 @ 04:07 GMT Aug 7
*SUP 1: 112.374 5-DMA
*SUP 2: 112.310 Bull channel base drawn of the June 6 low
*SUP 3: 112.260 Low Jul 18 and 26
*SUP 4: 112.210 Low Jul 10 and key support
U9 Schatz gains to fresh contract high at 112.420 so far capped by 8-week
resistance line. Bear-divergence signals on daily studies along with a doji
formation on Jul 24, followed by a bearish engulfing session and a shooting star
candlestick -- continue to warn of a correction lower. Support is at the 5-DMA
at 112.350 ahead of bull channel base at 112.310.

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