(M18) Has 111.990-112.020 As Next......>

SCHATZ TECHS: (M18) Has 111.990-112.020 As Next Upside Target Zone

*RES 4: 112.060 76.4% Fibo of 112.300-111.590

*RES 3: 112.020 0.1% volatility band, Dec 19 low

*RES 2: 112.000 1.618 swing of 111.940-111.840

*RES 1: 111.990 Mar 28 high

*PRICE: 111.970 @0747GMT

*SUP 1: 111.940 May 4, May 10 highs, now support

*SUP 2: 111.900 Congestion area May 2-10

*SUP 3: 111.880 May 17, May 18 lows

*SUP 4: 111.840 May 15 low

*COMMENTARY* Has 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

has been rewarded today with a challenge to the Mar 28 high at 111.990. Above

here and still have resistance from the swing target at 112.000 and the Dec 19

low at 112.020 to conquer, before the way becomes claer for a higher 112.060

rise. Support moves up to 111.940 and protects 111.900-111.880.