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(Z17) Below 112.230 To Shift Focus.....>

SCHATZ TECHS
SCHATZ TECHS: (Z17) Below 112.230 To Shift Focus Lower
*RES 4: 112.455 Low Apr 12 now resistance (Cont) 
*RES 3: 112.418 Daily Bull channel top 
*RES 2: 112.365 Monthly high Sept 5 (Cont) 
*RES 1: 112.315 High Oct 27
*PREVIOUS CLOSE: 112.275
*SUP 1: 112.270 Low Oct 30 
*SUP 2: 112.240 Low Oct 27 
*SUP 3: 112.230 High Oct 19 now support 
*SUP 4: 112.200 Alternating hourly support/resistance
*COMMENTARY: The daily bull channel base and 55-DMA (112.162) confirmed
significance and provided the base for an aggressive rally that continued Friday
with bulls now focused on 112.365-455 where the bull channel top and monthly
highs are noted. Bears now look for a close below 112.270 to ease immediate
bullish pressure and below 112.230 to shift focus to 112.162-190 where the
channel base and 55-DMA are found.

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