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

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.