(U18) Bears Need Close Below 112.055...>

SCHATZ TECHS: (U18) Bears Need Close Below 112.055

*RES 4: 112.270 High May 30 

*RES 3: 112.155 Hourly resistance May 30 

*RES 2: 112.150 Bollinger band top 

*RES 1: 112.135 High June 21

*PREVIOUS CLOSE: 112.100

*SUP 1: 112.075 Low June 25 

*SUP 2: 112.055 Hourly support June 21 

*SUP 3: 112.024 21-DMA 

*SUP 4: 111.975 Hourly support June 14

*COMMENTARY: Narrow sideways trading has defined this week so far although

topside hesitation is a concern given daily studies looking to correct from O/B

and the Bollinger top just above. Bulls need a close above 112.155 to confirm a

shift in focus back to 112.270-425 where 2018 highs are noted. Bears look for a

close below 112.055 to gain breathing room and below 111.940 to shift focus back

to 111.815-888 where 55 (111.888) & 100 (111.846) DMAs are noted.