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

SCHATZ TECHS
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: 111.925
*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.

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