(M18) 111.945 Resistance Remains Key...>

SCHATZ TECHS: (M18) 111.945 Resistance Remains Key

*RES 4: 112.050 2018 High Mar 5 (Cont) 

*RES 3: 111.990 Monthly High Mar 28 

*RES 2: 111.986 Bollinger band top 

*RES 1: 111.945 Highs Apr 5 & 6

*PREVIOUS CLOSE: 111.900

*SUP 1: 111.875 Low Apr 12 

*SUP 2: 111.863 Bollinger band base 

*SUP 3: 111.852 100-DMA 

*SUP 4: 111.830 Low Mar 14

*COMMENTARY: Pressure has returned to the 21-DMA (111.925) with bulls needing a

close above 111.945 to confirm traction above and shift initial focus back to

111.986-990 where the Bollinger top is noted. Bears now look for a close below

the 100-DMA to hint at a move back to the 55-DMA (111.800) with below 111.830 to

add weight to the case. Daily studies at modestly O/S levels and the Bollinger

base are the key concerns for bears.