(H18) Pulling Back After Failing To......>

BOBL TECHS: (H18) Pulling Back After Failing To Make A 130.80 Break

*RES 4: 131.43/45 Dec 27, Jan 2 lows, Jan 23 high, 50% Fibo

*RES 3: 131.15 0.5% volatility band, 38.2% of 132.74-130.16

*RES 2: 130.99/00 Feb 5 high, Jan 18 low

*RES 1: 130.80 Hourly congestion Feb 5-6

*PRICE: 130.57 @0903GMT

*SUP 1: 130.48 Intraday low

*SUP 2: 130.43 Feb 16 low

*SUP 3: 130.34 Feb 15 low

*SUP 4: 130.16 Feb 8 low

*COMMENTARY* Has traded a narrow range for a couple of weeks. Friday's move back

to the top of the range however, still lacks a 130.80 break. Will need to post

levels back above here before near term confidence in a recovery will appear and

allow 130.99-131.15 higher. The latter seen as important, a 38.2% Fibo retrace

of the fall from the Dec 7 high at 132.74, as well as the 0.5% volatility band.

Support initially from above 130.43, loss of 130.34 would concern.