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(U9) Bear-Divergence Signals Still.....>

SCHATZ TECHS
SCHATZ TECHS: (U9) Bear-Divergence Signals Still Prevail
*RES 4: 112.545 Channel top drawn off June 6 low
*RES 3: 112.500 Psychological level
*RES 2: 112.450 Range breakout projection
*RES 1: 112.415/420 Contract high Aug 5, Resistance line from June 18
*PRICE: 112.380 @ 04:29 GMT Aug 6
*SUP 1: 112.305 Bull channel base drawn of the June 6 low
*SUP 2: 112.260 Low Jul 18 and 26
*SUP 3: 112.235 Low Jul 16
*SUP 4: 112.210 Low Jul 10 and key support
U9 Schatz has managed to stretch out fresh contract high at 112.415 having
breached an 8 week resistance line. However, need to see a decisive break of
this resistance line, which has been re-drawn and comes in at 112.420.
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.

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