(H18) 111.845-900 Resistance Now Key...>

SCHATZ TECHS: (H18) 111.845-900 Resistance Now Key

*RES 4: 111.950 High Jan 23 

*RES 3: 111.900 Hourly support Jan 25 now resistance 

*RES 2: 111.870 Hourly resistance Jan 26 

*RES 1: 111.845 High Jan 30

*PREVIOUS CLOSE: 111.810

*SUP 1: 111.785 Hourly support Jan 29 

*SUP 2: 111.765 2018 Low Jan 29 

*SUP 3: 111.750 Monthly Low May 3 2016 

*SUP 4: 111.624 200-WMA

*COMMENTARY: Bulls failed to gain traction above the 21-DMA (111.899) last week

with Monday's sell-off resulting in fresh 2018 & 18mth lows. The lack of follow

through is less than ideal with bears focused on the 200-WMA and below 111.750

to add weight to their case. Bulls need a close above 111.845 to ease bearish

pressure and above 111.900 to confirm breaks of the 21-DMA and bear channel top

(111.880) to shift initial focus to 111.950-000.