(M18) Pullback Holds Above 111.720.....>

SCHATZ TECHS: (M18) Pullback Holds Above 111.720 Support

*RES 4: 111.970 61.8% Fibo of 112.200-111.590

*RES 3: 111.900 50% Fibo of 112.200-111.590

*RES 2: 111.880 0.1% volatility band

*RES 1: 111.830 Mar 5 high

*PRICE: 111.810 @0925GMT

*SUP 1: 111.750/770 Hourly support

*SUP 2: 111.720 Feb 27, Feb 28, Mar 8 lows

*SUP 3: 111.690 Feb 20, Feb 22 lows

*SUP 4: 111.660 Feb 15 low

*COMMENTARY* The move back above 111.750 kick started higher corrective

potential. With the further rise through 111.780 last week, the next upside

objective became the swing target at 111.820, exceeded slightly with the rise to

111.830 on Monday. Above and the 0.1% volatility band at 111.880, by time today,

is ahead of the next resistance of note, the 50% Fibo retrace at 111.900.

Support moves to 111.770-111.720, loss of the latter would caution near term.