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(M18) Fall Held On Monday At Edge Of.....>

BOBL TECHS
BOBL TECHS: (M18) Fall Held On Monday At Edge Of 130.57-130.51 Support 
*RES 4: 131.07 Series hourly lows Apr 11-13, now resistance
*RES 3: 130.90/94 Apr 10, Apr 16 lows, now resistance
*RES 2: 130.86 Apr 20 high
*RES 1: 130.75/79 Hourly resistance
*PRICE: 130.75 @0735GMT
*SUP 1: 130.56/57 Apr 23 low, 38.2% Fibo of 129.36-131.31
*SUP 2: 130.51/54 Mar 19, Mar 21 lows
*SUP 3: 130.40 61.8% Fibo of 129.84-131.31
*SUP 4: 130.29/34 0.5% vol band, 38.2% of 129.36-131.31
*COMMENTARY* Monday saw the decline reach 130.56, basically 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 near term oversold conditions but will need to rally back
through 130.75-130.79 initially and then Friday's 130.86 high, before any real
belief in a recovery will begin to appear. Below 130.56 and 130.54-130.51 can
act as a brake to the next Fibo retrace of note at 130.40.

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