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(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
*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.

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