(H18) Recovery Needs To Sustain..........>

BOBL TECHS: (H18) Recovery Needs To Sustain 130.99-131.00 Break

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

*RES 3: 131.34 0.5% volatility band

*RES 2: 131.15 38.2% Fibo of 132.74-130.16

*RES 1: 131.05 Feb 23 high

*PRICE: 130.99 @0806GMT

*SUP 1: 130.76 Hourly support

*SUP 2: 130.61/65 Feb 21 low, hourly congestion Feb 20-21

*SUP 3: 130.48 Feb 20 low

*SUP 4: 130.34 Feb 15 low

*COMMENTARY* Having traded a narrow range for a couple of weeks, Friday's move

through 130.80-130.85 has given the upside some near term impetus. Now looking

to sustain a 130.99-131.00 break, needing a further move through here, before

the chance of seeing 131.15-131.45 higher, the 0.5% volatility band at the

intervening 131.34 level today. Support meanwhile comes from 130.76-130.61, loss

would caution.