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(M18) 111.805-835 Support Key *RES.....>

SCHATZ TECHS
SCHATZ TECHS: (M18) 111.805-835 Support Key
*RES 4: 112.050 2018 High Mar 5 
*RES 3: 111.945 Low Mar 8 now resistance 
*RES 2: 111.898 100-DMA 
*RES 1: 111.891 Daily Bull channel top
*PREVIOUS CLOSE: 111.860
*SUP 1: 111.835 Double daily top Mar now support 
*SUP 2: 111.805 Low Mar 9 
*SUP 3: 111.760 Hourly resistance Mar 8 now support, 21-DMA 
*SUP 4: 111.745 Daily Bull channel base off Feb low
*COMMENTARY: The dip Thursday was aggressively reversed having tested the bull
channel base, 21 (111.760) & 55 (111.727) DMAs. The break of the double daily
top at 111.835 Monday shifted immediate focus to 111.891-898 where the bull
channel top and 100-DMA are situated and overall focus to 112.050-065. Initial
support is noted at 111.835 but bears look for a close below 111.805 to ease
bullish pressure and target a correction to 111.715.

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