(H18) Above 111.925 To Gain Bulls......>

SCHATZ TECHS: (H18) Above 111.925 To Gain Bulls Breathing Room

*RES 4: 111.960 55-DMA 

*RES 3: 111.950 High Jan 23 

*RES 2: 111.925 High Feb 13 

*RES 1: 111.910 High Feb 16

*PREVIOUS CLOSE: 111.900

*SUP 1: 111.860 Low Feb 16 

*SUP 2: 111.840 Low Feb 15 

*SUP 3: 111.835 Low Feb 9 

*SUP 4: 111.800 Low Feb 8

*COMMENTARY: The recovery from last week's low failed to gain traction above the

bear channel top (111.900) with bulls continuing to look for a close above

111.925 to pressure 111.950-960 where the 55-DMA is noted. Bears now look for a

close below 111.835 to reconfirm focus on tests of 2018 lows with overall focus

then reconfirmed on the bear channel base (111.580). A close above the 55-DMA

hints at a shift higher in focus with above 112.035 to target 112.240 Dec highs.