(M9) Lower Highs *RES 4: 112.460.......>

SCHATZ TECHS: (M9) Lower Highs

*RES 4: 112.460 High May 29 (continuation chart) 

*RES 3: 112.135 High June 21, 2018 (continuation chart) 

*RES 2: 112.095 High May 15 

*RES 1: 112.070 High May 17 

*PRICE: 112.040 @ 01:55 GMT May 21 

*SUP 1: 112.020 Low May 20

*SUP 2: 111.975 Low May 13 

*SUP 3: 111.976 21-dma

*SUP 4: 111.915/890 55-dma 

Schatz futures have posted a series of lower highs as bears look to build a

downtrend with yesterday's low at 112.020 the initial downside target. Below

here would suggest a downside reversal to the May 13 low at 111.975. The 21-dma

comes in below here at 111.976. To regain the upper hand bulls target Friday's

high at 112.070, above which would open Wednesday's ytd high at 112.095.