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(Z17) 21-DMA Capping For Now *RES 4:...>

SCHATZ TECHS
SCHATZ TECHS: (Z17) 21-DMA Capping For Now
*RES 4: 112.230 Low Sept 8 & 11 now resistance 
*RES 3: 112.205 High Sept 14 
*RES 2: 112.180 High Sept 25 
*RES 1: 112.171 21-DMA
*PREVIOUS CLOSE: 112.170
*SUP 1: 112.160 Hourly support Sept 25 
*SUP 2: 112.120 Hourly resistance Sept 25 now support 
*SUP 3: 112.100 Low Sept 25 
*SUP 4: 112.065 Low Sept 21
*COMMENTARY: The lack of follow through Wed-Fri courtesy of the Bollinger band
base provided the impetus for a correction Monday that sees the contract
flirting with the 21-DMA. Bulls now need a close above 112.180 to confirm a
break of the 21-DMA and initially pressure 112.230-285 where the 100-DMA
(112.252) is located. Bears need a close below 112.160 to gain breathing room
and below 112.120 to shift focus back to 112.065 Sept lows.

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