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(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
*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.

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