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(Z17) Bears Focused On 112.135-194.....>

SCHATZ TECHS
SCHATZ TECHS: (Z17) Bears Focused On 112.135-194
*RES 4: 112.305 Low Mar 7 now resistance 
*RES 3: 112.285 High Sept 8 
*RES 2: 112.260 Hourly resistance Sept 8 
*RES 1: 112.225 Hourly support Sept 12 now resistance
*PREVIOUS CLOSE: 112.210
*SUP 1: 112.194 Daily Bull channel base 
*SUP 2: 112.165 Low Sept 7 
*SUP 3: 112.145 21-DMA 
*SUP 4: 112.135 Low Aug 30
*COMMENTARY: Following on from the bull channel top capping last week pressure
has returned to the daily bull channel base and the 112.135-194 support region.
Bears now look for a close below 112.135 to end bullish hopes and below 112.090
to confirm focus on 111.981-112.015 where the 55-DMA is situated. Bulls now need
a close above 112.225 to gain breathing room and above 112.285 to reconfirm the
bullish bias and focus on 112.319-328 where the 100-DMA is noted.

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