(H18) Decent Support Seen Between........>

BOBL TECHS: (H18) Decent Support Seen Between 131.65-131.59

*RES 4: 132.34 Dec 19 high

*RES 3: 132.24 Dec 14, Dec 18 lows, now resistance

*RES 2: 132.03 Hourly recovery high Dec 19

*RES 1: 131.91/94 Dec 19 low, hourly resistance

*PRICE: 131.67 @0824GMT

*SUP 1: 131.65/67 Dec 20, Oct 25 lows

*SUP 2: 131.59/61 38.2% Fibo of 129.74-132.74, 0.5% vol band

*SUP 3: 131.49 1.618 swing of 131.97-132.74

*SUP 4: 131.24 50% Fibo of 129.74-132.74

*COMMENTARY* The 132.70-132.78 area proved too tough to break this month. A high

of 132.74 before giving way to some overbought conditions. Has subsequently lost

the key 132.15 level which sees a loss of recent upside momentum. A low of

131.65 so far, as we enter an area of decent support from between here and

131.59, any lower and the swing target at 131.49 can come to the rescue. In the

meantime, 131.91-132.03 forms initial resistance to any recovery.