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(M18) Bears Need Close Below 111.805...>

SCHATZ TECHS
SCHATZ TECHS: (M18) Bears Need Close Below 111.805
*RES 4: 112.065 Monthly low Sept 2017 
*RES 3: 112.050 2018 High Mar 5 
*RES 2: 111.945 Low Mar 8 now resistance 
*RES 1: 111.896 Daily Bull channel top, 100-DMA
*PREVIOUS CLOSE: 111.870
*SUP 1: 111.830 Low Mar 14 
*SUP 2: 111.805 Low Mar 9 
*SUP 3: 111.760 Hourly resistance Mar 8 now support 
*SUP 4: 111.750 Daily Bull channel base off Feb low
*COMMENTARY: The dip Thursday was aggressively reversed having tested the bull
channel base, 21 (111.767) & 55 (111.728) DMAs. The break of the double daily
top at 111.835 Monday shifted immediate focus to 111.896 where the bull channel
top and 100-DMA are situated and overall focus to 112.050-065. Initial support
is noted at 111.830 but bears look for a close below 111.805 to ease bullish
pressure and target a correction to 111.715.

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