(M18) Still On Course To Reach.........>

SCHATZ TECHS: (M18) Still On Course To Reach 111.960-111.970

*RES 4: 112.020 Dec 19 low, now resistance

*RES 3: 111.990 0.1% volatility band

*RES 2: 111.960/970 Equality rise tgt, 61.8% 112.200-111.590

*RES 1: 111.940 Intraday high

*PRICE: 111.920 @0815GMT

*SUP 1: 111.860 Mar 19 low

*SUP 2: 111.830 Mar 5 high, Mar 14 low

*SUP 3: 111.800 Congestion area Mar 1-Mar 8

*SUP 4: 111.770 Feb 26 high, Mar 6 low

*COMMENTARY* Has today risen above the week's previous 111.920 high, reaching

111.940 so far, as we work 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 moves to 111.860-111.830, loss would caution near term

and suggest scope for a further 111.800-111.770 fall.