(H18) 111.915 Support Key Today *RES...>

SCHATZ TECHS: (H18) 111.915 Support Key Today

*RES 4: 112.075 Hourly resistance Dec 19 

*RES 3: 112.035 High Dec 20 

*RES 2: 112.000 High Dec 21 

*RES 1: 111.975 High Dec 28

*PREVIOUS CLOSE: 111.945

*SUP 1: 111.915 Hourly support Dec 27 

*SUP 2: 111.850 Low Dec 27 

*SUP 3: 111.840 Low July 6 (cont) 

*SUP 4: 111.805 2017 Low June 28

*COMMENTARY: The aggressive bounce ahead of the 2017 low eased bearish pressure

with bulls now needing a close above 112.035 to shift focus to 112.089-120 where

key DMAs are situated. Correcting O/S studies add support to the bullish case

for a bigger correction. Bears need a close below 111.915 to maintain focus on

111.805-840 where 2017 lows are situated. The Bollinger base (111.923) remains a

key concern for bears recently limiting follow through.