(M18) Fall Still Held At Upper Edge Of...>

BOBL TECHS: (M18) Fall Still Held At Upper Edge Of 130.54-130.51 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 Apr 24 high, hourly resistance

*PRICE: 130.63 @1536GMT

*SUP 1: 130.51/54 Mar 19, Mar 21 lows

*SUP 2: 130.40/44 61.8% 129.84-131.31, swing 130.56-130.75

*SUP 3: 130.34 50% Fibo of 129.36-131.31

*SUP 4: 130.25 0.5% volatility band

*COMMENTARY* Have now seen the decline reach 130.55, still 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 last Friday's 130.86 high, before

any real belief in a recovery will begin to appear. Meanwhile, 130.54-130.51 can

still act as a brake to the next band of support from 130.44-130.40.