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

SCHATZ TECHS
SCHATZ TECHS: (U9) 8-Week Resistance Line Capping
*RES 4: 114.000 Psychological level
*RES 3: 113.000 Psychological level
*RES 2: 112.560 Channel top drawn off June 6 low
*RES 1: 112.505 Contract high Aug 7
*PRICE: 112.455 @ 04:51 GMT Aug 8
*SUP 1: 112.416 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 bulls remain in control with upside focus on channel top drawn off
June 6 low, which is today valued at 112.560. Bear-divergence signals on daily
studies have reversed and now pointing higher and still below historic levels of
reversal - implying upside risks.

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