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(Z17) 112.230 Resistance Remains Key...>

SCHATZ TECHS
SCHATZ TECHS: (Z17) 112.230 Resistance Remains Key
*RES 4: 112.285 Monthly high Sept 8 
*RES 3: 112.242 Daily Bull channel top 
*RES 2: 112.230 Low Sept 8 & 11 now resistance 
*RES 1: 112.215 High Oct 4
*PREVIOUS CLOSE: 112.205
*SUP 1: 112.200 Hourly resistance Oct 13 now support 
*SUP 2: 112.170 Breakout level Oct 13 
*SUP 3: 112.145 Hourly support Oct 12 
*SUP 4: 112.125 Low Oct 9
*COMMENTARY: Dips found support ahead of the 55-DMA (112.117) last week with
bulls taking comfort in pressure having returned to the key 112.230 resistance.
Bulls continue to look for a close above 112.230 to end bearish hopes and
confirm initial focus on 112.285. Support layers are building with bears now
needing a close below 112.170 to ease bullish pressure and return pressure to
the 112.065-125 support region where the 55-DMA and Sept lows are noted.

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