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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: 112.263 Daily Bull channel top 
*RES 2: 112.250 Low Sept 8 & 11 now resistance 
*RES 1: 112.230 High Oct 19
*PREVIOUS CLOSE: 112.220
*SUP 1: 112.185 High Oct 10 now support 
*SUP 2: 112.170 Hourly resistance Oct 12 now support 
*SUP 3: 112.164 21-DMA 
*SUP 4: 112.134 55-DMA
*COMMENTARY: Hesitation around the daily bull channel top resulted in a
correction back towards the 112.185 support. Bears continue to look for a close
below 112.185 to shift focus to 112.105-135 where key DMAs are located. Overall
below 112.065 is needed to open up for a move back to 111.945-112.015. Bulls
continue to look for a close above 112.250 to reconfirm the bullish bias and
above 112.285 to target 112.360.

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