(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: 111.950 Bollinger band top 

*RES 1: 111.945 Highs Apr 5 & 6

*PREVIOUS CLOSE: 111.945

*SUP 1: 111.930 High May 17 now support 

*SUP 2: 111.870 Hourly resistance May 15 now support 

*SUP 3: 111.845 Low May 15 

*SUP 4: 111.830 Low Mar 14

*COMMENTARY: Rallies remain capped at 111.945 with bulls still needing a close

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

noted at 111.930 with bears needing a close below to ease pressure on 111.945.

Bears then look for a close below 111.870 to return focus to layers of support

111.805-845 where the 100-DMA (111.808) is located. The Bollinger top is the key

concern for bulls with potential to limit follow through.