(H18) 111.930 Support Confirms.........>

SCHATZ TECHS: (H18) 111.930 Support Confirms Significance

*RES 4: 112.035 High Dec 20 

*RES 3: 112.017 100-DMA 

*RES 2: 112.000 2018 Highs Jan 3 & 9 

*RES 1: 111.970 High Feb 26

*PREVIOUS CLOSE: 111.940

*SUP 1: 111.930 High Feb 20 - 22 now support 

*SUP 2: 111.895 Low Feb 21 

*SUP 3: 111.876 21-DMA 

*SUP 4: 111.845 Low Feb 15

*COMMENTARY: Time spent above the 55-DMA (111.944) has so far been brief with

the Bollinger top (111.961) limiting follow through. In saying that, the 111.930

support confirmed significance with bears needling a close below to ease bullish

pressure. Below the 21-DMA is then needed to hint at a move back to 111.765 with

below 111.845 to confirm. While 111.930 supports bulls focus on 112.000-035 with

a close above to initially target 112.110.