(H18) Looking Offered, Below 111.805...>

SCHATZ TECHS: (H18) Looking Offered, Below 111.805 Targets 200-WMA

*RES 4: 111.985 High Jan 11 

*RES 3: 111.950 High Jan 23 

*RES 2: 111.900 Hourly support Jan 25 now resistance 

*RES 1: 111.870 Hourly resistance Jan 26

*PREVIOUS CLOSE: 111.830

*SUP 1: 111.830 2018 Low Jan 12 & Jan 26 

*SUP 2: 111.805 2017 Low June 28 

*SUP 3: 111.800 Low May 20 2016 

*SUP 4: 111.750 Monthly Low May 3 2016

*COMMENTARY: Bulls failed to gain traction above the 21-DMA (111.921) with the

sell-off pressuring 2018 lows. Layers of support are now noted 111.617-805 where

the 200-WMA (111.617) and 2017 low are situated. Bears need a close below the

2017 low to confirm focus on tests of the 200-WMA with a close below last seen

in Oct 2008. Bulls now need a close above 111.900 to ease bearish pressure and

above 111.950 to initially target 111.985-000.