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

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: 112.040/050 May 23 high, 0.1% volatility band

*PRICE: 112.020 @0730GMT

*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. Last 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 but Wednesday's move higher

has 112.040-112.060 in mind next. Support up to 111.980-111.970, then 111.940.