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(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: 131.76 Dec 28, Jan 3 highs
*PRICE: 131.63 @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: 131.07 0.5% volatility band
*COMMENTARY* The recovery has so far faltered at 131.76 but there is still good
support stacking up from above the recent 131.43 lows. While intact, there is
scope for a fresh rally to develop and another challenge on 131.76, above which
corrective opportunities allow a higher 131.91-132.24 rise. A loss of 131.43
will disappoint and suggest scope for a deeper 131.26-131.24 fall, where next
decent support lies.

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