(H18) Key Resistance Region Capping....>

SCHATZ TECHS: (H18) Key Resistance Region Capping

*RES 4: 111.985 High Jan 11 

*RES 3: 111.960 55-DMA 

*RES 2: 111.950 High Jan 23 

*RES 1: 111.930 High Feb 20 & 21

*PREVIOUS CLOSE: 111.900

*SUP 1: 111.860 Low Feb 16 

*SUP 2: 111.840 Low Feb 15 

*SUP 3: 111.835 Low Feb 9 

*SUP 4: 111.800 Low Feb 8

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

bulls with layers of resistance noted 111.930-960 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

111.835 to reconfirm initial focus on 2018 lows. Fresh 2018 lows are needed to

initially target 111.580-660.