(M18) 131.25 Resistance Still Proving....>

BOBL TECHS: (M18) 131.25 Resistance Still Proving Difficult

*RES 4: 131.76 0.5% volatility band

*RES 3: 131.44 1.618 swing 131.25-130.95

*RES 2: 131.31 Apr 3 high

*RES 1: 131.25 May 3, May 10 highs

*PRICE: 131.15 @0738GMT

*SUP 1: 131.02/06 Hourly support

*SUP 2: 130.95 May 9 low

*SUP 3: 130.88/90 May 3 low, 50% Fibo of 130.55-131.25

*SUP 4: 130.81/82 Apr 30 low, 61.8% Fibo of 130.55-131.25

*COMMENTARY* Has been unable to deal with 131.25 resistance over the last few

days, let alone a return to the early April high at 131.31. After another

attempt yesterday is again bowing to some near term overbought conditions, so

eyes will initially be on 131.06-131.02 support. Loss would caution now and put

pressure on Wednesday's 150.95 low. Any lower and likely have a correction of

gains from the Apr 25 low at 130.55 on our hands.