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

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

*RES 4: 112.166 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: 112.030

*SUP 1: 112.006 Rising daily TL off May low 

*SUP 2: 112.000 Low July 5 

*SUP 3: 111.975 Hourly support June 14 

*SUP 4: 111.940 High June 13 now support, 55-DMA

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

emerging ahead of 111.975. The 55-DMA is key support. Bears need a close below

111.975 to confirm an easing of bullish pressure and below the 55-DMA to shift

initial focus to 111.815-877 where the 100-DMA is located. Bulls continue to

look for 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.