(Z17) Immediate Focus On 55-DMA *RES...>

SCHATZ TECHS: (Z17) Immediate Focus On 55-DMA

*RES 4: 112.230 High Oct 19 

*RES 3: 112.220 High Oct 23 

*RES 2: 112.200 Hourly support Oct 23 now resistance 

*RES 1: 112.180 Hourly resistance Oct 24

*PREVIOUS CLOSE: 112.170

*SUP 1: 112.165 Low Oct 24 

*SUP 2: 112.143 55-DMA, Daily Bull channel base 

*SUP 3: 112.105 Low Oct 6 

*SUP 4: 112.065 Low Sept 21

*COMMENTARY: Bears are gaining confidence with a close below the 21-DMA

(112.174) that sees pressure on the 55-DMA and bull channel base. Bears need a

close below the 55-DMA to add weight to the case for a test of 112.065 Sept

lows. Daily studies are well placed for losses but the Bollinger base is likely

to become a concern and limit follow through. Bulls need a close above 112.200

to gain breathing room and above 112.285 to target 112.360.