(M18) 111.890 Support Gives Way........>

SCHATZ TECHS: (M18) 111.890 Support Gives Way Exposing 111.860-111.830

*RES 4: 112.030 0.1% volatility band

*RES 3: 112.020 Dec 19 low, now resistance

*RES 2: 111.990 Mar 28 high

*RES 1: 111.940/960 Hourly resistance

*PRICE: 111.890 @0825GMT

*SUP 1: 111.860 Mar 19, Apr 10 lows

*SUP 2: 111.830 Mar 5 high, Mar 14 low

*SUP 3: 111.810 0.1% volatility band

*SUP 4: 111.790 Congestion area Mar 1-Mar 8

*COMMENTARY* Last week was unable to mount another challenge to the Mar 28 high

at 111.990, thereby leaving the next target, the Dec 19 low at 112.020

untroubled for the time being. As a result, became overbought and Tuesday lost

support from the 111.910-111.890 area. Below the latter cautions near term and

suggests scope for a further 111.860-111.830 fall. Resistance 111.940-111.960.

Above 112.020 and the 0.1% volatility band at 112.030 ahead of  112.050.