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(H18) Bears Need Close Below 111.970...>

SCHATZ TECHS
SCHATZ TECHS: (H18) Bears Need Close Below 111.970
*RES 4: 112.115 High Dec 18 
*RES 3: 112.106 100-WMA (Cont) 
*RES 2: 112.050 2018 High Mar 5 
*RES 1: 112-015 100-DMA
*PREVIOUS CLOSE: 112.000
*SUP 1: 111.985 Hourly resistance Mar 1 now support 
*SUP 2: 111.970 Highs Feb 26 & 28 now support 
*SUP 3: 111.945 Hourly resistance Feb 28 now support 
*SUP 4: 111.923 55-DMA
*COMMENTARY: A lack of topside follow through has taken its toll with the
contract looking a little heavy and the 100-DMA now capping. Bears still need a
close below 111.970 to shift focus back to 111.895-923 where 21 (111.922) & 55
(111.923) DMAs are situated. Bulls now need a close above the 100-DMA to gain
breathing room and above 112.050 to confirm focus on 112.106-145 where 55 &
100-WMAs are noted.

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