(M18) Correction Still Holding.........>

SCHATZ TECHS: (M18) Correction Still Holding 111.830-111.820 Support

*RES 4: 111.990 Mar 28 high, 0.1% volatility band

*RES 3: 111.960 Apr 4 high

*RES 2: 111.930 Apr 13 high

*RES 1: 111.900/910 4 week falling res line, hrly resistance

*PRICE: 111.840 @0744GMT

*SUP 1: 111.830 Mar 5 high, Mar 14, Apr 23, 24 lows

*SUP 2: 111.820 1.618 swing of 111.860-111.930

*SUP 3: 111.790 50% Fibo of 111.590-111.990

*SUP 4: 111.770 0.1% volatility band

*COMMENTARY* Has so far this month been 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 as yet. Consequently, became overbought and has subsequently

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

and suggests scope for a further 111.830-111.770 fall. Resistance falls to

111.900-111.910, above would relieve and allow a better recovery.