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(H18) Bears Dominate While 112.050.....>

SCHATZ TECHS
SCHATZ TECHS: (H18) Bears Dominate While 112.050 Caps
*RES 4: 112.137 55-WMA 
*RES 3: 112.115 High Dec 18 
*RES 2: 112.106 100-WMA (Cont) 
*RES 1: 112.050 2018 High Mar 5
*PREVIOUS CLOSE: 111.975
*SUP 1: 111.965 Low Mar 7 
*SUP 2: 111.945 Hourly resistance Feb 28 now support 
*SUP 3: 111.927 21-DMA 
*SUP 4: 111.921 55-DMA
*COMMENTARY: A lack of topside follow through has taken its toll with the
contract looking a little heavy having failed to gain traction above the 100-DMA
(112.014). Bears now need a close below 111.995 to shift focus back to
111.895-927 where 21 & 55-DMAs are situated. Bulls continue to look for a close
above 112.050 to confirm a break of the 100-DMA and focus on 112.106-137 where
55 & 100-WMAs are noted.

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