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(U18) Bears Need Close Below 111.940...>

SCHATZ TECHS
SCHATZ TECHS: (U18) Bears Need Close Below 111.940
*RES 4: 112.085 Lows July 2 & 3 now resistance 
*RES 3: 112.038 21-DMA 
*RES 2: 112.010 High July 23 
*RES 1: 111.990 55-DMA
*PREVIOUS CLOSE: 111.940
*SUP 1: 111.940 High June 13 now support 
*SUP 2: 111.886 100-DMA 
*SUP 3: 111.865 Monthly Low June 14 
*SUP 4: 111.815 Alternating daily support/resistance
*COMMENTARY: Pressure remains on the key 111.940 support with the pair remaining
capped around the 55-DMA Wednesday. Bulls continue to look for a close above
112.010 to confirm traction above the 55-DMA and shift initial focus to
112.038-085 where the 21-DMA is situated. Bears still need a close below 111.940
to shift initial focus to 111.865-886 where the 100-DMA is located.

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