(Z17) 111.950 Break Now Required For...>

SCHATZ TECHS: (Z17) 111.950 Break Now Required For Further Recovery

*RES 4: 112.060 61.8% Fibo of 112.240-111.770

*RES 3: 112.010 0.1% volatility band

*RES 2: 112.000 Jan 3, Jan 9 highs, 50% of 112.240-111.770

*RES 1: 111.950 Jan 22 high, 38.2% of 112.240-111.770

*PRICE: 111.950 @1133GMT

*SUP 1: 111.890 Hourly support

*SUP 2: 111.840 Feb 15 low

*SUP 3: 111.790 0.1% volatility band

*SUP 4: 111.770/780 Jan 29, Feb 1 lows

*COMMENTARY* Have finally seen a move back above previously troublesome 111.920

resistance. This now allows another assault on the dual 111.950 level. Through

here is now needed in order to continue a higher correction of the

112.240-111.770 fall seen since mid December. A successful break will have

112.000-112.010 in mind next. Meantime, 111.890 provides immediate support and

protection against a move back down the recent range.