(H18) Recovery Unable As Yet To..........>

BOBL TECHS: (H18) Recovery Unable As Yet To Sustain A 130.80 Break 

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

*RES 3: 131.15/23 38.2% of 132.74-130.16, 0.5% vol band

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

*RES 1: 130.80/85 Hourly congestion Feb 5-6, Feb 21 high

*PRICE: 130.80 @1615GMT

*SUP 1: 130.48 Feb 20 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. Wednesday's move

to 130.85 flattered to deceive, a high of 130.85 before once again falling back

into the range again. Will need to sustain levels back above here before near

term confidence will appear and allow 130.99-131.23 higher. The latter the 0.5%

volatility band, just above the 38.2% Fibo retrace of the fall from the Dec 7

high at 131.15. Support  from 130.48-130.43, loss of 130.34 would concern.