(M18) Overbought Near Term,............>

SCHATZ TECHS: (M18) Overbought Near Term, 111.910-111.890 Support

*RES 4: 112.060 76.4% Fibo of 112.200-111.590

*RES 3: 112.050 0.1% volatility band

*RES 2: 112.020 Dec 19 low, now resistance

*RES 1: 111.990 Mar 28 high

*PRICE: 111.950 @0826GMT

*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 to reach 111.990 so far, this ahead of the

next target, the Dec 19 low at 112.020. As a result, has become overbought in

the near term , so watching initial support from the 111.910-111.890 area. A

loss of the latter would caution near term and suggest scope for a further

111.860-111.830 fall. Above 112.020 and not much in the way of a further

112.050-112.060 rise.