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SCHATZ TECHS
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: 112.040 0.1% volatility band
*RES 2: 112.020 Dec 19 low, May 21 high
*RES 1: 112.000 Hourly resistance
*PRICE: 112.000 @0745GMT
*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 at the time, proved a bridge too far. 111.940 now reverts
to support, with 111.900 currently more important below.

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