(H18) Bulls Need Close Above 111.940...>

SCHATZ TECHS: (H18) Bulls Need Close Above 111.940

*RES 4: 112.000 High Dec 21 & Jan 3 

*RES 3: 111.985 High Jan 11 

*RES 2: 111.940 Lows Jan 4 & 8 now resistance 

*RES 1: 111.915 Hourly support Dec 27 now resistance

*PREVIOUS CLOSE: 111.860

*SUP 1: 111.845 Low Jan 11 

*SUP 2: 111.805 2017 Low June 28 

*SUP 3: 111.800 Low May 20 2016 

*SUP 4: 111.750 Monthly Low May 3 2016

*COMMENTARY: Bears reconfirmed dominance with a sell-off and bearish close that

sees focus now on layers of support 111.750-745 where yearly and monthly lows

are located. Daily studies are well placed for losses. Bulls now look for a

close above 111.940 to ease bearish pressure and hint at a correction back to

111.985-112.035 where 2018 highs and the 21-DMA are located. Above 112.035 is

needed to shift focus to 55 (112.085) & 100 (112.100) DMAs.