(M18) 130.81 Provides Near Term..........>

BOBL TECHS: (M18) 130.81 Provides Near Term Protection

*RES 4: 131.31 Apr 3 high

*RES 3: 131.21/24 Apr 18, Apr 6 highs

*RES 2: 131.13 76.4% Fibo of 131.31-130.55

*RES 1: 131.07 Apr 30 high

*PRICE: 131.00 @0758GMT

*SUP 1: 130.81 Apr 30 low

*SUP 2: 130.74 Hourly high/low Apr 26

*SUP 3: 130.68 Initial recovery high Apr 25, now support

*SUP 4: 130.51/55 Mar 19, Mar 21, Apr 25 lows

*COMMENTARY* Last month saw the decline reach 130.55, in line with a look at the

38.2% Fibo retrace level of this year's preceding 129.36-131.31 rise. Has found

support aided by some oversold conditions and the rally back through

130.75-130.79 has given a boost and is now trying to sustain a break above the

61.8% Fibo retrace level at 131.02. Meanwhile, 130.81 now provides protection

against a renewed downside foray.