(M18) Hesitating Around 21-DMA *RES....>

SCHATZ TECHS: (M18) Hesitating Around 21-DMA

*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: 111.920 21-DMA

*PREVIOUS CLOSE: 111.905

*SUP 1: 111.857 100-DMA 

*SUP 2: 111.855 Low Mar 15 

*SUP 3: 111.848 Bollinger band base 

*SUP 4: 111.830 Low Mar 14

*COMMENTARY: Pressure has returned to the 21-DMA with bulls now needing a close

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

111.990-992 where the Bollinger top is noted. Bears continue to look for a close

below 111.855 to confirm a break of the 100-DMA and hint at a move back to the

55-DMA (111.792) with below 111.830 to confirm a break of the channel base and

add weight to the case.