(H18) 112.000-035 Resistance Remains...>

SCHATZ TECHS: (H18) 112.000-035 Resistance Remains Key

*RES 4: 112.075 Hourly resistance Dec 19 

*RES 3: 112.052 21-DMA 

*RES 2: 112.035 High Dec 20 

*RES 1: 112.000 High Dec 21 & Jan 3

*PREVIOUS CLOSE: 111.975

*SUP 1: 111.940 Lows Jan 4 & 8 

*SUP 2: 111.915 Hourly support Dec 27 

*SUP 3: 111.850 Low Dec 27 

*SUP 4: 111.840 Low July 6 (cont)

*COMMENTARY: The aggressive bounce ahead of the 2017 low in recent weeks eased

bearish pressure with bulls needing a close above 112.035 to shift focus to

112.052-107 where key DMAs are situated. Correcting O/S studies add support to

the bullish case for a bigger correction. Bears still need a close below 111.915

to maintain focus on 111.805-840 where 2017 lows are situated.