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(Z17) 55-DMA Supporting For Now *RES...>

SCHATZ TECHS
SCHATZ TECHS: (Z17) 55-DMA Supporting For Now
*RES 4: 112.230 High Oct 19 
*RES 3: 112.220 High Oct 23 
*RES 2: 112.200 Hourly support Oct 23 now resistance 
*RES 1: 112.180 Hourly resistance Oct 24
*PREVIOUS CLOSE: 112.170
*SUP 1: 112.150 55-DMA, Daily Bull channel base 
*SUP 2: 112.105 Low Oct 6 
*SUP 3: 112.065 Monthly Low Sept 21 
*SUP 4: 112.015 Low Aug 17
*COMMENTARY: Despite closes below the 21-DMA (112.174) the 55-DMA confirmed
significance and currently supports. Bears need a close below the 55-DMA to add
weight to the case for a test of 112.065 Sept lows. Daily studies are well
placed for losses but the Bollinger base is likely to become a concern and limit
follow through. Bulls need a close above 112.200 to gain breathing room and
above 112.285 to target 112.360.

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