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

SCHATZ TECHS
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.

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