(U18) 55-DMA Key Support This Week.....>

SCHATZ TECHS: (U18) 55-DMA Key Support This Week

*RES 4: 112.165 Bollinger band top 

*RES 3: 112.155 Hourly resistance May 30 

*RES 2: 112.135 High June 21 

*RES 1: 112.085 Lows July 2 & 3 now resistance

*PREVIOUS CLOSE: 112.065

*SUP 1: 112.035 Low July 6 

*SUP 2: 112.000 Low July 5 

*SUP 3: 111.975 Hourly support June 14 

*SUP 4: 111.940 High June 13 now support

*COMMENTARY: Bears failed to capitalise on last week's dips with support

emerging ahead of 111.975. The 55-DMA (111.927) is key support this week. Bears

need a close below 111.975 to confirm an easing of bullish pressure and below

the 55-DMA to shift initial focus to 111.815-870 where the 100-DMA is located.

Bulls now need a close above 112.085 to gain breathing room and above 112.155 to

confirm a shift in focus back to 112.270-425 where 2018 highs are noted.