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(Z17) 112.110-171 Resistance Region....>

SCHATZ TECHS
SCHATZ TECHS: (Z17) 112.110-171 Resistance Region Key
*RES 4: 112.205 High Sept 14 
*RES 3: 112.171 21-DMA 
*RES 2: 112.145 High Sept 19 
*RES 1: 112.110 Hourly support Sept 20 now resistance
*PREVIOUS CLOSE: 112.095
*SUP 1: 112.080 Bollinger band base 
*SUP 2: 112.070 Low Sept 20 
*SUP 3: 112.017 55-DMA 
*SUP 4: 112.015 Low Aug 17
*COMMENTARY: Bears took comfort in a close below the 21-DMA Friday that shifted
focus lower with bears now targeting 112.015-017 where the 55-DMA is noted. The
Bolli base is the key concern for bears and limits follow through. Layers of
resistance are weighing and adding to bearish confidence. Bull now need a close
above 112.110 to ease immediate bearish pressure and above the 21-DMA to shift
focus back to 112.277-285 where the 100-DMA and Sept highs are noted.

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