(M18) 111.945 Resistance Remains Key...>

SCHATZ TECHS: (M18) 111.945 Resistance Remains Key

*RES 4: 111.990 Monthly High Mar 28 

*RES 3: 111.947 Bollinger band top 

*RES 2: 111.945 Highs Apr 5 & 6 

*RES 1: 111.940 High May 4

*PREVIOUS CLOSE: 111.920

*SUP 1: 111.875 Low Apr 27 

*SUP 2: 111.830 Low Mar 14 

*SUP 3: 111.805 Low Mar 9 

*SUP 4: 111.715 Low Feb 27

*COMMENTARY: The lack of follow through on dips below the 100-DMA (111.823)

resulted in closes above the 21-DMA (111.895). Bulls need a close above 111.945

to confirm traction above the 21-DMA and shift initial focus back to 111.990.

Bears continue to look for a close below 111.875 to gain breathing room and

below 111.805 to confirm traction below DMAs and initially target 111.715. O/S

studies have corrected back to neutral levels.