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

BOBL TECHS
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.

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