(M18) 111.905 Support Now Key *RES.....>

SCHATZ TECHS: (M18) 111.905 Support Now Key

*RES 4: 112.065 Monthly Low Sept 21 now resistance (Cont) 

*RES 3: 112.050 2018 High Mar 5 (Cont) 

*RES 2: 111.990 Monthly High Mar 28 

*RES 1: 111.960 High Apr 4

*PREVIOUS CLOSE: 111.920

*SUP 1: 111.905 Low Apr 9 

*SUP 2: 111.864 100-DMA 

*SUP 3: 111.855 Low Mar 15 

*SUP 4: 111.830 Low Mar 14

*COMMENTARY: Topside hesitation has taken its toll resulting in a dip below the

21-DMA (111.911). Bears now need a close below 111.905 to confirm a break of the

21-DMA and to target layers of support 111.784-111.864 where key 55 & 100-DMAs

are located. The 111.960-990 resistance region is key this week. Bulls need a

close above 111.990 to kick start bullish momentum and reconfirm focus on

112.050-065.