(M18) Bulls Need Close Above 111.945...>

SCHATZ TECHS: (M18) Bulls Need Close Above 111.945

*RES 4: 112.050 2018 High Mar 5 (Cont) 

*RES 3: 111.990 Monthly High Mar 28 

*RES 2: 111.945 Highs Apr 5 & 6, Bollinger band top 

*RES 1: 111.940 High May 4

*PREVIOUS CLOSE: 111.915

*SUP 1: 111.870 Hourly resistance May 15 now support 

*SUP 2: 111.845 Low May 15 

*SUP 3: 111.830 Low Mar 14 

*SUP 4: 111.806 100-DMA

*COMMENTARY: The lack of follow through below the 55-DMA resulted in a rally

that sees immediate focus back to 111.940-945. Bulls continue to look for a

close above 111.945 to shift initial focus back to 111.990. Initial support is

now noted at 111.870 with bears needing a close below to ease pressure on

resistance layers. Overall bears need a close below 111.805 to confirm traction

below the 100-DMA and initially target 111.715-724 where the 200-WMA is noted.