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

SCHATZ TECHS
SCHATZ TECHS: (U18) Below 111.940 To Shift Focus Lower
*RES 4: 112.135 High June 21 
*RES 3: 112.134 Bollinger band top 
*RES 2: 112.085 Lows July 2 & 3 now resistance 
*RES 1: 112.056 21-DMA
*PREVIOUS CLOSE: 112.005
*SUP 1: 111.982 Bollinger band base 
*SUP 2: 111.979 55-DMA 
*SUP 3: 111.975 Hourly support June 14 
*SUP 4: 111.940 High June 13 now support
*COMMENTARY: The contract remains capped ahead of the 21-DMA with immediate
focus now on 111.975-982 where the 55-DMA and Bollinger base are noted. Narrowed
Bollis continue to point towards a breakout. Bears need a close below 111.940 to
shift initial focus to 111.865-893 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.

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