(H18) Bulls Need Close Above 55-DMA....>

SCHATZ TECHS: (H18) Bulls Need Close Above 55-DMA

*RES 4: 112.020 100-DMA 

*RES 3: 112.000 2018 Highs Jan 3 & 9 

*RES 2: 111.950 High Jan 23, 55-DMA 

*RES 1: 111.930 High Feb 20 - 22

*PREVIOUS CLOSE: 111.910

*SUP 1: 111.895 Low Feb 21 

*SUP 2: 111.860 Low Feb 16 

*SUP 3: 111.840 Low Feb 15 

*SUP 4: 111.835 Low Feb 9

*COMMENTARY: A continued lack of topside follow through is less than ideal for

bulls with layers of resistance noted 111.930-950 including the 55-DMA. Bulls

continue to look for a close above the 55-DMA to end bearish hopes and shift

focus to 112.000-035 with the 100-DMA at 112.020. Bears need a close below

111.895 to gain breathing room and below 111.835 to reconfirm initial focus on

2018 lows. Fresh 2018 lows are needed to initially target 111.580-660.