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(M18) Bears Need Close Below 112.220...>

SCHATZ TECHS
SCHATZ TECHS: (M18) Bears Need Close Below 112.220
*RES 4: 112.695 Monthly High Mar 8 2017 (Cont) 
*RES 3: 112.540 Monthly high Apr 18 2017 
*RES 2: 112.460 2018 High May 29 
*RES 1: 112.405 Hourly resistance May 29
*PREVIOUS CLOSE: 112.345
*SUP 1: 112.335 Alternating hourly support/resistance 
*SUP 2: 112.220 Hourly support May 29 
*SUP 3: 112.160 Hourly resistance May 28 now support 
*SUP 4: 112.115 High Dec 18 (Cont) & May 25 now support
*COMMENTARY: Bulls take comfort in the aggressive break of 112.365 but failure
to close above and the lack of follow through is less than ideal for bulls given
O/B daily studies and the Bollinger top hinting the move is a little overdone.
In saying that, bulls currently focus on 112.540-695 last seen in Mar/Apr 2017.
Bears now look for a close below 112.220 to ease bullish pressure and below
112.115 to shift focus back to 21 & 55-DMAs 111.927-968.

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