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

SCHATZ TECHS
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.

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