(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: 112.052 55-WMA 

*RES 1: 112.050 2018 High Mar 5 (Cont) & May 24

*PREVIOUS CLOSE: 112.045

*SUP 1: 111.985 Low May 24 

*SUP 2: 111.945 Highs Apr 5 & 6 now support 

*SUP 3: 111.930 High May 17 now support 

*SUP 4: 111.870 Hourly resistance May 15 now support

*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 112.112-115 where the 100-WMA is noted. 111.985 is now

noted as initial support with bears needing a close below to gain breathing room

and hint at a correction back to 111.905-945 where 21 (111.922) & 55 (111.905)

DMAs are located.