(M18) Move Through 111.900 Has.........>

SCHATZ TECHS: (M18) Move Through 111.900 Has 111.960-111.970 Potential

*RES 4: 112.020 Dec 19 low, now resistance

*RES 3: 111.970 61.8% Fibo of 112.200-111.590

*RES 2: 111.960 0.1% volatility band

*RES 1: 111.920 Intraday high

*PRICE: 111.910 @0824GMT

*SUP 1: 111.830 Mar 5 high, Mar 14 low

*SUP 2: 111.800 Congestion area Mar 1-Mar 8

*SUP 3: 111.770 Feb 26 high, Mar 6 low

*SUP 4: 111.750 Feb 5 high, now support

*COMMENTARY* Has squeezed above the 50% Fibo retrace at 111.900, a high of

111.920 so far on the day, as we head towards the next resistances of note, the

0.1% volatility band, at 111.960, by time today and the 61.8% Fibo retrace level

at 111.970. This of the preceding 112.200-111.590 fall. seen over the early part

of the year. Support moves to 111.830, loss of would caution near term and

suggest scope for a further 111.800-111.770 fall.