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(Z17) Focus Remains On 112.170.........>

SCHATZ TECHS
SCHATZ TECHS: (Z17) Focus Remains On 112.170 Support
*RES 4: 112.330 38.2% Fibo of 113.310-111.730, 0.1% vol band
*RES 3: 112.320 1.618 swing of 112.260-112.170
*RES 2: 112.280 Sep 8 high
*RES 1: 112.240/260 Hourly resistance
*PRICE: 112.180 @1201GMT
*SUP 1: 112.170 Sep 7 low
*SUP 2: 112.140 Aug 29, Aug 30 lows
*SUP 3: 112.090 Aug 25 low
*SUP 4: 112.070 38.2% Fibo of 111.730-112.280
*COMMENTARY* Last week saw a rally through the swing target at 112.220, a high
of 112.280 attained, before again submitting to some overbought conditions. This
so far leaves us shy of a look at the swing target at 112.320 and Fibo retrace
level at 112.330. Support now comes initially from above 112.170. Loss here will
caution and suggest a deeper correction of gains from July's 111.73 low is
required.

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