(M18) Immediate Focus On 55-WMA *RES...>

SCHATZ TECHS: (M18) Immediate Focus On 55-WMA

*RES 4: 112.115 High Dec 18 (Cont) 

*RES 3: 112.065 Monthly Low Sept 21 now resistance (Cont) 

*RES 2: 112.051 55-WMA 

*RES 1: 112.050 2018 High Mar 5 (Cont)

*PREVIOUS CLOSE: 111.995

*SUP 1: 111.945 Highs Apr 5 & 6 now support 

*SUP 2: 111.930 High May 17 now support 

*SUP 3: 111.870 Hourly resistance May 15 now support 

*SUP 4: 111.845 Low May 15

*COMMENTARY: Pressure on 111.945 finally took its toll with an aggressive break

higher that now sees immediate focus on the 55-WMA. Bulls then look for a close

above 112.065 to target 112.111-115 where the 100-WMA is noted. The 111.945

level now becomes initial support. Bears now need a close below this level to

ease bullish pressure and below 111.930 to shift focus back to 111.845-870.