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(Z17) Rally Falters Ahead Of Channel...>

SCHATZ TECHS
SCHATZ TECHS: (Z17) Rally Falters Ahead Of Channel Top And Swing Target
*RES 4: 112.330 38.2% Fibo of 113.310-111.730
*RES 3: 112.320 1.618 swing of 112.260-112.170, 0.1% vol band
*RES 2: 112.310 5 week bull channel top
*RES 1: 112.280 Sep 8 high
*PRICE: 112.220 @1229GMT
*SUP 1: 112.190/220 Hourly support, 5 week support line
*SUP 2: 112.170 Sep 7 low
*SUP 3: 112.140 Aug 29, Aug 30 lows
*SUP 4: 112.090 Aug 25 low
*COMMENTARY* Last week saw a rally through the swing target at 112.220, a high
of 112.280 attained, before again submitting to some near term overbought
conditions. This so far leaves us shy of a look at the 5 week bull channel top
at 112.310 today and the swing target at 112.320. Support comes initially from
112.220 and then 112.190-112.170. Loss of the latter will caution and suggest a
deeper correction of gains from July's 111.73 low is required.

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