(H18) Layers Resistance Remain.........>

SCHATZ TECHS: (H18) Layers Resistance Remain 111.970-112.035

*RES 4: 112.035 High Dec 20 

*RES 3: 112.017 100-DMA 

*RES 2: 112.000 2018 Highs Jan 3 & 9 

*RES 1: 111.970 High Feb 26

*PREVIOUS CLOSE: 111.930

*SUP 1: 111.895 Low Feb 21 

*SUP 2: 111.880 21-DMA 

*SUP 3: 111.845 Low Feb 15 

*SUP 4: 111.835 Low Feb 9

*COMMENTARY: Time spent above the 55-DMA (111.940) has so far been brief with

the Bollinger top (111.960) limiting follow through. The break of 111.930 has

lacked follow through but the contract remains offered with bears continuing to

look for a close below the 21-DMA to hint at a move back to 111.765 with below

111.845 to confirm. Bulls need a close above 111.970 to gain breathing room and

above 112.035 to target 111.240 Dec highs.