(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: 111.910 0.1% volatility band

*RES 2: 111.900 50% Fibo of 112.200-111.590

*RES 1: 111.830 Mar 5 high

*PRICE: 111.830 @0835GMT

*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: 111.680 0.1% volatility band

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

potential. With the further rise through 111.780 earlier this month, the next

upside objective became the swing target at 111.820, exceeded slightly with the

rise to 111.830. Above and the 50% Fibo retrace at 111.9000, is ahead of the

next resistance of note, the 0.1% volatility band, at 111.910, by time today.

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