(H18) 111.915-940 Resistance Region....>

SCHATZ TECHS: (H18) 111.915-940 Resistance Region Key

*RES 4: 111.985 High Jan 11 

*RES 3: 111.940 Lows Jan 4 & 8 now resistance 

*RES 2: 111.915 Hourly support Dec 27 now resistance 

*RES 1: 111.890 High Jan 15

*PREVIOUS CLOSE: 111.875

*SUP 1: 111.830 2018 Low Jan 12 

*SUP 2: 111.805 2017 Low June 28 

*SUP 3: 111.800 Low May 20 2016 

*SUP 4: 111.750 Monthly Low May 3 2016

*COMMENTARY: Bears reconfirmed dominance with a sell-off and bearish close that

sees focus on layers of support 111.750-745 where yearly and monthly lows are

located. Bulls look for a close above 111.915 to ease bearish pressure above

111.940 to hint at a correction back to 111.985-112.035 where 2018 highs and the

21-DMA are located. Above 112.035 is needed to shift focus to 55 (112.078) & 100

(112.093) DMAs.