(Z17) Focus On 21 & 55-DMAs *RES 4:....>

SCHATZ TECHS: (Z17) Focus On 21 & 55-DMAs

*RES 4: 112.267 Daily Bull channel top 

*RES 3: 112.250 Low Sept 8 & 11 now resistance 

*RES 2: 112.230 High Oct 19 

*RES 1: 112.205 Hourly resistance Oct 20

*PREVIOUS CLOSE: 112.195

*SUP 1: 112.180 Low Oct 20 

*SUP 2: 112.170 Hourly resistance Oct 12 now support 

*SUP 3: 112.169 21-DMA 

*SUP 4: 112.139 55-DMA

*COMMENTARY: Hesitation around the daily bull channel top resulted in a

correction and a dip below 112.185. Follow through has so far been lacking with

the 112.139-170 supports key this week. Bears now look for a close below the

55-DMA to add weight to the case for a test of 112-065 Sept lows. The

112.250-285 resistance region is key but bulls look for a close above 112.205 to

ease bearish pressure and above 112.285 to target 112.360.