(M18) 111.805 & 111.890 Levels Key.....>

SCHATZ TECHS: (M18) 111.805 & 111.890 Levels Key

*RES 4: 111.945 Highs Apr 5 & 6 

*RES 3: 111.930 Highs Apr 10 & 13 

*RES 2: 111.914 21-DMA 

*RES 1: 111.890 High Apr 19

*PREVIOUS CLOSE: 111.865

*SUP 1: 111.835 Bollinger band base 

*SUP 2: 111.830 Low Mar 14 

*SUP 3: 111.827 55-DMA 

*SUP 4: 111.715 Low Feb 27

*COMMENTARY: Hesitation ahead of the 21-DMA took its toll with a sell-off that

is finding support ahead of the 55-DMA. Bears continue to look for a close below

111.805 to confirm traction below DMAs and initially target 111.715. The

Bollinger base is key concern for bears. Bulls need a close above 111.890 to

ease bearish pressure and above 111.945 to confirm traction above the 21-DMA and

shift initial focus back to 111.990-992 where the Bollinger top is noted.