(M18) 111.835 Double Daily Top *RES....>

SCHATZ TECHS: (M18) 111.835 Double Daily Top

*RES 4: 112.025 Low Nov 30 now resistance 

*RES 3: 111.902 100-DMA 

*RES 2: 111.880 Daily Bull channel top 

*RES 1: 111.835 Highs Mar 5 & 9

*PREVIOUS CLOSE: 111.820

*SUP 1: 111.805 Low Mar 9 

*SUP 2: 111.760 Hourly resistance Mar 8 now support 

*SUP 3: 111.734 Daily Bull channel base off Feb low 

*SUP 4: 111.660 Low Feb 15

*COMMENTARY: The dip Thursday was aggressively reversed having tested the bull

channel base, 21 (111.745) & 55 (111.726) DMAs. The 111.835 level continues to

cap leaving a double daily top in place. Bulls need a close above to gain the

upper hand and initially target the 100-DMA, although the bull channel top may

cap. The Bollinger top (111.839) is the key concern for bulls. Bears look for a

close below 111.805 to ease bullish pressure and target a correction to 111.715.