(H18) Recovery Meets Resistance Ahead....>

BOBL TECHS: (H18) Recovery Meets Resistance Ahead Of 131.43-131.45 

*RES 4: 131.75 61.8% Fibo of 132.74-130.16

*RES 3: 131.62 0.5% volatility band

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

*RES 1: 131.38 Intraday high

*PRICE: 131.19 @1653GMT

*SUP 1: 131.18 Hourly support

*SUP 2: 131.09/12 Mar 1, Mar 2 lows, Feb 26 high

*SUP 3: 130.95 Initial rally high Feb 28, now support

*SUP 4: 130.82 Feb 28 low

*COMMENTARY* The move through 130.99-131.00 late last month gave the upside some

near term impetus. Now seeing a high of 131.38 so far today, as we continue to

claw back some losses from the December high at 132.74. Next resistance to note

comes from 131.43-131.45, this a combination of previous highs and lows as well

as a 50% Fibo retrace level. As a result, support rises to 131.18 with the

131.12-131.09 area of more consequence below.