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(H18) 55-DMA & 112.185 Levels Key......>

SCHATZ TECHS
SCHATZ TECHS: (H18) 55-DMA & 112.185 Levels Key Today
*RES 4: 112.325 High Apr 18 
*RES 3: 112.270 Monthly high Sept 7 
*RES 2: 112.195 Bollinger band top 
*RES 1: 112.185 Monthly High Nov 8
*PREVIOUS CLOSE: 112.155
*SUP 1: 112.092 55-DMA 
*SUP 2: 112.047 Bollinger band base 
*SUP 3: 112.025 Monthly Lows Oct 26 & Nov 30 
*SUP 4: 111.945 Low Aug 8
*COMMENTARY: Sideways trading continues for the H18 contract with the double
daily bottom in place at 112.025 providing the impetus for a bounce back towards
recent range highs (112.185). Bulls need a close above 112.185 to indicate a
bullish bias and initially target 112.270. Bears look for a close below the
55-DMA to ease topside pressure and shift initial focus back to 112.025 with a
break lower indicating a bearish bias initially targeting 111.945.

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