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(Z17) 112.200 Break Needed To..........>

SCHATZ TECHS
SCHATZ TECHS: (Z17) 112.200 Break Needed To Stimulate Further Gains
*RES 4: 112.280 Sep 8 high
*RES 3: 112.260 0.1% volatility band
*RES 2: 112.230 Sep 8, Sep 11 lows, now resistance
*RES 1: 112.200 Sep 15 high
*PRICE: 112.170 @1522GMT
*SUP 1: 112.160/170 Hourly support
*SUP 2: 112.140 Oct 3 low
*SUP 3: 112.110 Oct 2 low
*SUP 4: 112.090 Sep 28 low
*COMMENTARY* Support from 112.090 has held and produced another bounce which has
broken above near term resistance at 112.180. This now sees the Sep 15 high at
112.200 as the next barrier to surmount, with 112.230-112.260 the next likely
target area above, as we return towards last month's 112.280 high. As a result,
support also on the rise, 112.170-112.140 now the near term protection to the
downside.

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