(M18) Above 111.905 To Ease Bearish....>

SCHATZ TECHS: (M18) Above 111.905 To Ease Bearish Pressure

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

*RES 3: 111.990 Monthly High Mar 28 

*RES 2: 111.945 Highs Apr 5 & 6 

*RES 1: 111.905 Low Apr 9 now resistance

*PREVIOUS CLOSE: 111.895

*SUP 1: 111.859 100-DMA 

*SUP 2: 111.855 Low Mar 15 

*SUP 3: 111.838 Bollinger band base 

*SUP 4: 111.830 Low Mar 14

*COMMENTARY: Recent pressure on the 21-DMA (111.917) finally resulted in a close

below with focus now on layers of support 111.789-859 where 55 (111.789) &

100-DMAs are situated. A close below the 55-DMA is needed to hint at a move back

to 111.590 Jan lows. Bulls continue to look for a close above 111.905 to gain

breathing room and above 111.945 to shift initial focus back to 111.990.