(M18) 55-DMA Continues To Support......>

SCHATZ TECHS: (M18) 55-DMA Continues To Support

*RES 4: 111.945 Highs Apr 5 & 6 

*RES 3: 111.930 Highs Apr 10 & 13 

*RES 2: 111.909 21-DMA 

*RES 1: 111.890 High Apr 19

*PREVIOUS CLOSE: 111.845

*SUP 1: 111.830 Low Mar 14, Bollinger band base, 55-DMA 

*SUP 2: 111.805 Low Mar 9 

*SUP 3: 111.715 Low Feb 27 

*SUP 4: 111.705 200-WMA

*COMMENTARY: Hesitation ahead of the 21-DMA took its toll with a sell-off that

is finding support ahead of the 55-DMA. Bears continue to look for a close below

111.805 to confirm traction below DMAs and initially target 111.715. The

Bollinger base is key concern for bears. Bulls need a close above 111.890 to

ease bearish pressure and above 111.945 to confirm traction above the 21-DMA and

shift initial focus back to 111.988-990 where the Bollinger top is noted.