(U18) Bulls Need Close Above 111.975...>

SCHATZ TECHS: (U18) Bulls Need Close Above 111.975 Today

*RES 4: 112.120 High May 31 

*RES 3: 112.065 High June 5 

*RES 2: 112.015 Hourly support June 8 now resistance 

*RES 1: 111.975 Hourly support June 11 now resistance

*PREVIOUS CLOSE: 111.915

*SUP 1: 111.895 Low June 12 

*SUP 2: 111.825 55-DMA 

*SUP 3: 111.815 Alternating daily support/resistance 

*SUP 4: 111.800 100-DMA

*COMMENTARY: Hesitation at 112.065 resulted in losses this week with bears

focused on 111.810-825 where 55 & 100-DMAs are situated. Daily studies

approaching O/S is a concern for bears as layers of resistance accumulate. Bulls

now need a close above 111.975 to gain breathing room and above 112.065 to hint

at a move back to 112.270-425 where 2018 highs are noted with above 112.155 to

confirm. Bears now look for a close below 111.895 to add weight to their case.