(H18) Approaches 130.92-130.87 Support...>

BOBL TECHS: (H18) Approaches 130.92-130.87 Support Area

*RES 4: 131.60/65 Congestion area late Dec, early Jan

*RES 3: 131.52 Jan 10 low, now resistance

*RES 2: 131.43 Dec 27, Jan 2 lows, now resistance

*RES 1: 131.21 Hourly resistance

*PRICE: 131.01 @0847GMT

*SUP 1: 130.92 Sep 28 low

*SUP 2: 130.89 61.8% Fibo of 129.74-132.74

*SUP 3: 130.87 0.5% volatility band

*SUP 4: 130.45 76.4% Fibo of 129.74-132.74

*COMMENTARY* The continued failure to deal with resistance from below 131.82 was

the catalyst behind Thursday's fall. This has broken below 131.52-131.43 support

and today has extended below the next support levels between 131.19-131.09. As a

result, the next area to watch becomes 130.92-130.87. This a combination of a

former low, 61.8% Fibo retrace and the lower 0.5% volatility band. Meanwhile,

back above 131.21 would allow some breathing space.