(U18) Below 111.940 To Shift Focus.....>

SCHATZ TECHS: (U18) Below 111.940 To Shift Focus Lower

*RES 4: 112.155 Hourly resistance May 30 

*RES 3: 112.120 High May 31 

*RES 2: 112.065 High June 5 

*RES 1: 112.040 High June 19

*PREVIOUS CLOSE: 111.990

*SUP 1: 111.975 Hourly support June 14 

*SUP 2: 111.940 High June 13 now support 

*SUP 3: 111.865 Low June 14 

*SUP 4: 111.844 55-DMA

*COMMENTARY: Despite looking offered Thursday bulls gained breathing room with

an aggressive rally and bullish close that sees focus back on 112.065-155. Bulls

need a close above 112.065 to hint at a move back to 112.270-425 where 2018

highs are noted with above 112.155 to confirm. The 111.940 support remains key

this week. Bears need a close below 111.940 to ease renewed bullish pressure and

shift focus back to 111.813-865 where 55 & 100-DMAs are noted.