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

SCHATZ TECHS: (H18) 111.915-940 Resistance Remains 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: 111.905 High Jan 18

*PREVIOUS CLOSE: 111.895

*SUP 1: 111.855 Low Jan 18 

*SUP 2: 111.830 2018 Low Jan 12 

*SUP 3: 111.805 2017 Low June 28 

*SUP 4: 111.800 Low May 20 2016

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

week that sees overall focus on layers of support 111.750-745 where yearly and

monthly lows are located. Bulls still look for a close above 111.915 to ease

bearish pressure & above 111.940 to hint at a correction back to

111.970-112.035. Above 112.035 is needed to shift focus to 55 (112.065) & 100

(112.083) DMAs.