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(H18) 21-DMA Supporting, 111.950.......>

SCHATZ TECHS
SCHATZ TECHS: (H18) 21-DMA Supporting, 111.950 Resistance Key
*RES 4: 111.978 55-DMA 
*RES 3: 111.950 High Jan 23 
*RES 2: 111.949 Bollinger band top 
*RES 1: 111.920 High Feb 6
*PREVIOUS CLOSE: 111.905
*SUP 1: 111.870 21-DMA 
*SUP 2: 111.835 Low Feb 9 
*SUP 3: 111.800 Low Feb 8 
*SUP 4: 111.785 Hourly support Jan 29
*COMMENTARY: 111.950 resistance confirmed significance with the recovery from
2018 lows capped ahead. Failure to retest 2018 lows sees the contract work its
way back towards key resistance. Bulls look for a close above 111.950 to shift
initial focus to 111.978-112.035 and above 112.035 to target 112.240 Dec highs.
Bears now need a close below the 21-DMA to gain breathing room and reconfirm
focus on tests of 2018 lows with overall focus on the 200-WMA (111.639).

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