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(Z17) Bulls Need Close Above 112.180...>

SCHATZ TECHS
SCHATZ TECHS: (Z17) Bulls Need Close Above 112.180
*RES 4: 112.230 Low Sept 8 & 11 now resistance 
*RES 3: 112.207 100-DMA 
*RES 2: 112.180 High Sept 25 
*RES 1: 112.175 High Oct 3
*PREVIOUS CLOSE: 112.170
*SUP 1: 112.160 Hourly support Oct 3 
*SUP 2: 112.135 Alternating hourly support/resistance 
*SUP 3: 112.110 Low Oct 3 
*SUP 4: 112.090 Low Sept 28
*COMMENTARY: Pressure returns to 112.180 resistance with bulls taking comfort in
support emerging on dips back towards 112.090. Bulls still need a close above
112.180 to confirm a break of the 21-DMA (112.167) and above 112.230 to confirm
initial focus back to 112.285 Sept highs. Layers of support are building with
bears now needing a close below 112.135 to ease pressure on resistance layers
and below 112.065 to reconfirm a bearish bias and target 111.985-112.015.

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