(H18) Above 111.950 To Shift Focus.....>

SCHATZ TECHS: (H18) Above 111.950 To Shift Focus Higher

*RES 4: 111.985 High Jan 11 

*RES 3: 111.950 High Jan 23 

*RES 2: 111.900 Hourly support Jan 25 now resistance 

*RES 1: 111.870 Hourly resistance Jan 26

*PREVIOUS CLOSE: 111.810

*SUP 1: 111.785 Hourly support Jan 29 

*SUP 2: 111.765 2018 Low Jan 29 

*SUP 3: 111.750 Monthly Low May 3 2016 

*SUP 4: 111.624 200-WMA

*COMMENTARY: Bulls failed to gain traction above the 21-DMA (111.914) last week

with Monday's sell-off resulting in fresh 2018 & 18mth lows. The lack of follow

through is less than ideal with bears focused on the 200-WMA and below 111.750

to add weight to their case. Bulls need a close above 111.835 to ease bearish

pressure and above 111.950 to confirm breaks of the 21-DMA and bear channel top

(111.900) to shift focus to 112.000-055 where 55 & 100-DMAs are noted.