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(Z17) Pressuring Key Supports *RES.....>

SCHATZ TECHS
SCHATZ TECHS: (Z17) Pressuring Key Supports
*RES 4: 112.285 Monthly high Sept 8 
*RES 3: 112.252 Daily Bull channel top 
*RES 2: 112.250 Low Sept 8 & 11 now resistance 
*RES 1: 112.215 Alternating support/resistance
*PREVIOUS CLOSE: 112.200
*SUP 1: 112.185 High Oct 10 now support 
*SUP 2: 112.170 Hourly resistance Oct 12 now support 
*SUP 3: 112.159 21-DMA 
*SUP 4: 112.131 55-DMA
*COMMENTARY: Hesitation around the daily bull channel top has resulted in a
correction back towards the 112.185 support. Bears continue to look for a close
below 112.185 to shift focus to 112.105-159 where key DMAs are located. Overall
below 112.065 is needed to open up for a move back to 111.945-112.015. Bulls now
need a close above 112.215 to gain breathing room and above 112.250 to reconfirm
the bullish bias and above 112.285 to target 112.360.

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