(U18) Lacks Follow Though Below........>

SCHATZ TECHS: (U18) Lacks Follow Though Below 21-DMA

*RES 4: 112.155 Hourly resistance May 30 

*RES 3: 112.120 High May 31 

*RES 2: 112.065 High June 5 

*RES 1: 112.010 Hourly resistance June 6

*PREVIOUS CLOSE: 111.945

*SUP 1: 111.922 21-DMA 

*SUP 2: 111.910 Low June 7 

*SUP 3: 111.815 Alternating daily support/resistance 

*SUP 4: 111.811 55-DMA

*COMMENTARY: Bulls take comfort in the lack of traction below the 21-DMA on the

dip Thursday leaving bears needing a close below 111.910 to confirm a break and

immediate focus on 111.792-815 where 55 & 100-DMAs are located. Layers of

resistance remain 112.065-155 that are seen as key. Bulls now need a close above

112.065 to gain breathing room and above 112.155 to shift focus back to

112.270-425 where 2018 highs are noted.