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

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: 111.970/980 Mar 22, 23, 27 highs, 61.8% 112.200-111.

*PRICE: 111.970 @0707GMT

*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 week 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 111.970/980 and look to 112.020-112.030 next.