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(U18) 112.155 Resistance Key Today.....>

SCHATZ TECHS
SCHATZ TECHS: (U18) 112.155 Resistance Key Today
*RES 4: 112.155 Hourly resistance May 30 
*RES 3: 112.120 High May 31 
*RES 2: 112.065 High June 5 
*RES 1: 112.010 Hourly resistance June 6
*PREVIOUS CLOSE: 111.945
*SUP 1: 111.925 High May 24 now support 
*SUP 2: 111.913 21-DMA 
*SUP 3: 111.815 Alternating daily support/resistance 
*SUP 4: 111.807 55-DMA
*COMMENTARY: A lack of topside follow through and a move looking a little
overdone combined to produce a correction lower last Wed with losses continuing.
Correcting O/B daily studies are adding weight to the case for a deeper sell-off
and an increased risk of a test of 111.789-815 where 55 & 100-DMAs are found.
The 112.155 resistance remains key. Bulls need a close above this level to ease
bearish pressure and above 112.270 to shift focus back to 112.425.

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