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(M18) 112.240-335 Resistance Key.......>

SCHATZ TECHS
SCHATZ TECHS: (M18) 112.240-335 Resistance Key Today
*RES 4: 112.405 Hourly resistance May 29 
*RES 3: 112.335 Alternating hourly support/resistance 
*RES 2: 112.240 Hourly resistance May 30 
*RES 1: 112.180 Hourly support May 30 now resistance
*PREVIOUS CLOSE: 112.150
*SUP 1: 112.110 Low May 30 
*SUP 2: 112.035 Low May 28 
*SUP 3: 111.985 Low May 24 
*SUP 4: 111.981 21-DMA
*COMMENTARY: A lack of topside follow through and a move looking a little
overdone combined to produce a correction lower Wednesday. Correcting O/B daily
studies are adding weight to the case for a deeper sell-off and an increased
risk of a test of 111.930-985 where 21 & 55-DMAs are found. Bulls now need a
close above 112.240 to gain breathing room and above 112.335 to reconfirm focus
on 112.540-695 last seen in Mar/Apr 2017.

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