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(M18) Continues Higher,................>

SCHATZ TECHS
SCHATZ TECHS: (M18) Continues Higher, 112.020-112.030 Potential
*RES 4: 112.060 76.4% Fibo of 112.200-111.590
*RES 3: 112.030 0.1% volatility band
*RES 2: 112.020 Dec 19 low, now resistance
*RES 1: 111.990 Mar 28 high
*PRICE: 111.960 @0715GMT
*SUP 1: 111.890/910 Hourly support, Mar 21 low
*SUP 2: 111.860 Mar 19 low
*SUP 3: 111.830 Mar 5 high, Mar 14 low
*SUP 4: 111.770 Feb 26 high, Mar 6 low
*COMMENTARY* Last week saw a rise above the previous 111.920 high, and a
challenge to the next resistances of note, the equality rise from 111.72 at
111.960 and the 61.8% Fibo retrace level at 111.970. Wednesday's move higher has
reached 111.990 so far, ahead of the next 112.020/112.30 target area. Initial
support 111.9100-111.890, loss would caution near term and suggest scope for a
further 111.860-111.830 fall.

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