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(U9) Bear-Divergence Signals *RES 4:...>

SCHATZ TECHS
SCHATZ TECHS: (U9) Bear-Divergence Signals
*RES 4: 112.450/61 Range breakout projection / Channel top drawn off May 10 low
*RES 3: 112.400 Round number resistance
*RES 2: 112.385 Contract high July 24
*RES 1: 112.310 High Jul 26 and Jul 30
*PRICE: 112.305 @ 03:02 GMT Aug 1
*SUP 1: 112.260 Low Jul 18 and 26
*SUP 2: 112.235 Low Jul 16
*SUP 3: 112.214 Bull channel base drawn of the May 10 low
*SUP 4: 112.210 Low Jul 10 and key support
U9 Schatz daily studies are showing bear-divergence signals and comes following
the doji formation on Jul 24 and a bearish engulfing the following day -- all
warning of a correction likely near-term. Reinforcing this, prices traded below
the Jul 25 low of 112.265 low last Friday, signalling scope for weakness towards
112.210, the low of Jul 10. A break of 112.385 resistance is required to negate
these bearish patterns.

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