(H18) 131.43 Protects Against A..........>

BOBL TECHS: (H18) 131.43 Protects Against A 131.26-131.24 Fall

*RES 4: 132.24 Dec 14 low, now resistance

*RES 3: 131.97 Nov 30 low, now resistance

*RES 2: 131.91 Dec 19 low, now resistance

*RES 1: 131.71/76 Dec 28, intraday highs

*PRICE: 131.65 @1603GMT

*SUP 1: 131.43 Dec 27, Jan 2 lows

*SUP 2: 131.26 1.618 swing of 131.43-131.71

*SUP 3: 131.24 50% Fibo of 129.74-132.74

*SUP 4: 131.14 0.5% volatility band

*COMMENTARY* Last week's 131.43 low, again under investigation on Tuesday, has

so far survived the test. This a likely protection against a further

131.26-131.24 fall, as we continue to give back gains. In the interim,

resistance comes from last Thursday's 131.71 high, currently needing to sustain

a move back above here, before there is scope to see a better pullback and

correction of recent losses from last month's 132.74 high.