(M18) Rally Reaches Top Of.............>

SCHATZ TECHS: (M18) Rally Reaches Top Of 112.000-112.020 Target Zone

*RES 4: 112.060 76.4% Fibo of 112.300-111.590

*RES 3: 112.030 0.1% volatility band

*RES 2: 112.020 Dec 19 low, May 21 high

*RES 1: 112.000 Hourly resistance

*PRICE: 111.960 @0800GMT

*SUP 1: 111.940 May 4, May 10 highs, now support

*SUP 2: 111.900 Congestion area May 2-10

*SUP 3: 111.880 May 17, May 18 lows

*SUP 4: 111.840 May 15 low

*COMMENTARY* Had continued to build on support found toward the end of last

month from 111.830. Friday's move above the previously troublesome 111.940 area

was rewarded on Monday with a break through the Mar 28 high at 111.990 and the

swing target at 112.000. The Dec 19 low at 112.020, also the level of the upper

0.1% volatility band yesterday, proved a bridge too far. Overbought near term,

111.940 now reverts to support, with 111.900 currently more important below.