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

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.