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(M18) 112.020 Break Has................>

SCHATZ TECHS
SCHATZ TECHS: (M18) 112.020 Break Has 112.040-112.060 Potential
*RES 4: 112.160 0.2% volatility band
*RES 3: 112.090 61.8% Fibo of 112.310-111.720
*RES 2: 112.060 76.4% Fibo of 112.300-111.590, Sep 21 low
*RES 1: 112.040 0.1% volatility band
*PRICE: 112.020 @1540GMT
*SUP 1: 111.970/980 Hourly support
*SUP 2: 111.940 May 4, May 10 highs, now support
*SUP 3: 111.910/920 Congestion area Apr 30-May 14
*SUP 4: 111.890 Initial rally high May 16, now support
*COMMENTARY* Continued to build on support found toward the end of last month
from 111.830. Friday's move above the previously troublesome 111.940 area was
rewarded on Monday with a break through the Mar 28 high at 111.990 and the swing
target at 112.000. The Dec 19 low at 112.020, also the level of the upper 0.1%
volatility band at the time, proved a barrier at the time. Today's move higher
has 112.040-112.060 in mind next. Support up to 111.980-111.970, then 111.940.

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