(M18) 131.63 Next Target After 15........>

BOBL TECHS: (M18) 131.63 Next Target After 15 Month Resistance Line Break

*RES 4: 132.06 76.4% Fibo of 132.74-129.84

*RES 3: 131.82 Jan 8 high

*RES 2: 131.76 0.5% volatility band

*RES 1: 131.63 1.618 swing of 131.25-130.64, 61.8% Fibo

*PRICE: 131.52 @0725GMT

*SUP 1: 131.40/43 Hourly support

*SUP 2: 131.25/30 Hourly congestion May 21-22

*SUP 3: 131.11 May 22 low

*SUP 4: 131.00/01 May 16, May 17 highs, now support

*COMMENTARY* Having surpassed the Apr 3 high at 131.31, Monday's rally faltered

at 131.43, just below the 15 month falling resistance line at 131.46. Some

overbought conditions then warranting a pullback. This has seen a low of 131.11

although stronger levels are currently visible from between 131.01-131.00.

Wednesday's rise through 131.43-131.46 has a test of 131.63 in mind, a 61.8%

Fibo level as well as the swing target of the recent 131.25-130.64 fall.