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(Z17) 112.180-112.140 Support Keeps....>

SCHATZ TECHS
SCHATZ TECHS: (Z17) 112.180-112.140 Support Keeps Upside Potential Intact
*RES 4: 112.400 0.2% volatility band
*RES 3: 112.330 38.2% Fibo of 113.310-111.730
*RES 2: 112.280 0.1% volatility band
*RES 1: 112.260 Sep 5 high
*PRICE: 112.210 @1138GMT
*SUP 1: 112.180 Hourly support
*SUP 2: 112.160 Congestion area Aug 30-Sep 1
*SUP 3: 112.140 Aug 29, Aug 30 lows
*SUP 4: 112.090 Aug 25 low
*COMMENTARY* Tuesday saw a rally through the swing target at 112.220, a high of
112.260 attained, before submitting to some near term overbought conditions.
This leaves us shy of a look at the 0.1% volatility band at 112.280, also the
level of the 8 week bull channel top today. Initial support from 112.180 but the
112.160-112.140 region currently provides a stronger back up below.

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