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

SCHATZ TECHS: (U18) Bears Need Close Below 112.055

*RES 4: 112.155 Hourly resistance May 30 

*RES 3: 112.147 Bollinger band top 

*RES 2: 112.135 High June 21 

*RES 1: 112.095 High June 29

*PREVIOUS CLOSE: 112.080

*SUP 1: 112.055 Hourly support June 29 

*SUP 2: 111.975 Hourly support June 14 

*SUP 3: 111.940 High June 13 now support 

*SUP 4: 111.894 55-DMA

*COMMENTARY: Topside hesitation resulted in a sharp dip Friday before bouncing

aggressively ahead of 111.940-975. Correcting O/B studies and the Bollinger top

remain key concerns for bulls. Bulls continue to look for 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 111.815-894 where 55 & 100 (111.850) DMAs are noted.