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(M18) Rally Reaches Into Next..........>

SCHATZ TECHS
SCHATZ TECHS: (M18) Rally Reaches Into Next 111.960-111.970 Target Zone
*RES 4: 112.060 76.4% Fibo of 112.200-111.590
*RES 3: 112.030 0.1% volatility band
*RES 2: 112.020 Dec 19 low, now resistance
*RES 1: 111.970 Mar 22, 23 highs, 61.8% 112.200-111.590
*PRICE: 111.970 @1707GMT
*SUP 1: 111.880 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 Thursday saw a rise above the previous 111.920 high, as we
worked our way toward the next resistances of note, the equality rise from
111.72 at 111.960 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. Initial
support 111.880-111.860, loss would caution near term and suggest scope for a
further 111.830-111.770 fall. Above 111.970 and look to 112.020-112.030 next.

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