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(H18) 130.80 Resistance Keeps............>

BOBL TECHS
BOBL TECHS: (H18) 130.80 Resistance Keeps Immediate Bias Lower
*RES 4: 131.12 Jan 24 low, now resistance
*RES 3: 130.99/00 Feb 5 high, Jan 18 low
*RES 2: 130.80 Hourly congestion Feb 5-6
*RES 1: 130.69/71 Feb 13, Feb 9 highs
*PRICE: 130.63 @0920GMT
*SUP 1: 130.29 Hourly support
*SUP 2: 130.16 Feb 8 low
*SUP 3: 130.10 38.2% Fibo of 122.34-134.89
*SUP 4: 129.89 0.5% volatility band
*COMMENTARY* The failure to move back above 130.80 last Friday, saw the
immediate interest return lower, with hourly support from 130.29, now the
protection to last week's 130.16 base. Below here and the 38.2% Fibo retrace
level at 130.10 then becomes the next attraction, ahead of the lower 0.5%
volatility band, at 129.89 by time today. Meanwhile 130.69-130.71 now forms an
initial barrier to that 130.80 level.

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