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

BOBL TECHS
BOBL TECHS: (H18) Decent Support Still Seen Between 131.59-131.49
*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: 131.62 @1005GMT
*SUP 1: 131.58/59 Dec 21 low, 38.2% Fibo of 129.74-132.74
*SUP 2: 131.52 0.5% volatility 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
131.58 so far, as we enter an area of decent support from between 131.59 and the
swing target at 131.49. In the meantime, 131.91-132.03 forms initial resistance
to any recovery.

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