(M18) 111.945 Resistance Key Today.....>

SCHATZ TECHS: (M18) 111.945 Resistance Key Today

*RES 4: 111.990 Monthly High Mar 28 

*RES 3: 111.967 Bollinger band top 

*RES 2: 111.945 Highs Apr 5 & 6 

*RES 1: 111.930 Highs Apr 10 & 13

*PREVIOUS CLOSE: 111.895

*SUP 1: 111.875 Low Apr 27 

*SUP 2: 111.830 Low Mar 14 

*SUP 3: 111.805 Low Mar 9 

*SUP 4: 111.715 Low Feb 27

*COMMENTARY: The lack of follow through on dips below the 100-DMA (111.831)

resulted in a close above the 21-DMA (111.900). Bulls need a close above 111.945

to confirm traction above the 21-DMA and shift initial focus back to 111.967-990

where the Bollinger top is noted. Bears now look for a close below 111.875 to

gain breathing room and below 111.805 to confirm traction below DMAs and

initially target 111.715. O/S studies have corrected back to neutral levels.