(H18) Bulls Need Close Above 21-DMA....>

SCHATZ TECHS: (H18) Bulls Need Close Above 21-DMA

*RES 4: 112.000 High Dec 21 & Jan 3 

*RES 3: 111.985 High Jan 11 

*RES 2: 111.941 21-DMA 

*RES 1: 111.940 Lows Jan 4 & 8 now resistance

*PREVIOUS CLOSE: 111.935

*SUP 1: 111.910 Hourly resistance Jan 19 now support 

*SUP 2: 111.885 Low Jan 18 

*SUP 3: 111.855 Low Jan 18 

*SUP 4: 111.830 2018 Low Jan 12

*COMMENTARY: The lack of follow through on recent 2018 lows has seen the

contract recover lost ground and currently pressure the 21-DMA. Bulls now need a

close above the 21-DMA to confirm an easing of bearish pressure, shifting

immediate focus to 111.985-000 and overall focus to 55 & 100-DMAs 112.061-079.

Bears now look for a close below 111.910 to ease pressure on the 21-DMA and

return immediate focus to retests of 2018 lows.