(H18) 111.840-870 Support Region Now...>

SCHATZ TECHS: (H18) 111.840-870 Support Region Now Key

*RES 4: 112.000 2018 Highs Jan 3 & 9 

*RES 3: 111.987 Bollinger band top 

*RES 2: 111.985 High Jan 11 

*RES 1: 111.950 High Jan 23

*PREVIOUS CLOSE: 111.915

*SUP 1: 111.900 Alternating hourly support/resistance 

*SUP 2: 111.870 Hourly resistance Jan 26 now support 

*SUP 3: 111.840 Low Feb 5 

*SUP 4: 111.785 Hourly support Jan 29

*COMMENTARY: The lack of follow through on recent 2018 lows has resulted in a

correction that sees bulls looking for a close above 111.950 to shift initial

focus to 111.985-112.039 where 55 & 100-DMAs are located. Daily studies are well

placed for a fresh leg higher. Bears now look for a close below 111.870 to ease

renewed bullish pressure and below 111.840 to return initial focus to 2018 lows.