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(M18) Bulls Focused On Channel Top &...>

SCHATZ TECHS
SCHATZ TECHS: (M18) Bulls Focused On Channel Top & 100-DMA
*RES 4: 112.050 2018 High Mar 5 
*RES 3: 111.945 Low Mar 8 now resistance 
*RES 2: 111.900 100-DMA 
*RES 1: 111.885 Daily Bull channel top
*PREVIOUS CLOSE: 111.855
*SUP 1: 111.835 Double daily top Mar now support 
*SUP 2: 111.805 Low Mar 9 
*SUP 3: 111.760 Hourly resistance Mar 8 now support 
*SUP 4: 111.740 Daily Bull channel base off Feb low
*COMMENTARY: The dip Thursday was aggressively reversed having tested the bull
channel base, 21 (111.753) & 55 (111.726) DMAs. Bulls made short work of the
double daily top at 111.835 Monday with immediate focus now on 111.885-900 where
the bull channel top and 100-DMA are situated. Initial support is noted at
111.835 but bears look for a close below 111.805 to ease bullish pressure and
target a correction to 111.715.

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