(M18) 111.835 Resistance Remains Key...>

SCHATZ TECHS: (M18) 111.835 Resistance Remains Key

*RES 4: 112.025 Low Nov 30 now resistance 

*RES 3: 111.906 100-DMA 

*RES 2: 111.875 Daily Bull channel top 

*RES 1: 111.835 High Mar 5

*PREVIOUS CLOSE: 111.820

*SUP 1: 111.810 Hourly support Mar 8 

*SUP 2: 111.760 Hourly resistance Mar 8 now support 

*SUP 3: 111.715 Low Feb 27 

*SUP 4: 111.660 Low Feb 15

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

base, 21 (111.736) & 55 (111.729) DMAs. Immediate pressure remains on 111.835.

Bulls need a close above to gain the upper hand and initially target the

100-DMA, although the bull channel top may cap along the way. The Bollinger top

(111.836) is the key concern. Bears continue to look for a close below 111.715

to confirm breaks of DMAs and to shift overall focus to 111.590 Jan lows.