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(M18) Fresh Fall Eyeing 130.57-130.51....>

BOBL TECHS
BOBL TECHS: (M18) Fresh Fall Eyeing 130.57-130.51 Support Next
*RES 4: 131.17/18 Apr 12, Apr 13 highs
*RES 3: 131.07 Series hourly lows Apr 11-13, now resistance
*RES 2: 130.90/94 Apr 10, Apr 16 lows, now resistance
*RES 1: 130.79/86 Hourly resistance, Apr 20 high
*PRICE: 130.66 @1300GMT
*SUP 1: 130.57 38.2% Fibo of 129.36-131.31
*SUP 2: 130.51/54 Mar 19, Mar 21 lows
*SUP 3: 130.33/40 0.5% vol band, 61.8% Fibo of 129.84-131.31
*SUP 4: 130.19/21 76.4% Fibo of 129.84-131.31, Mar 9 low
*COMMENTARY* An attempt to rally again last Wednesday was thwarted by the Apr 10
high at 131.21, thereby not allowing another chance to retest the previous
131.30-131.31 highs. The subsequent slide has been swift, moving below previous
130.90-130.86 support. This suggests scope to see a further 130.57-130.40 fall,
as we correct gains, initially from the Mar 19 low at 130.51 and potentially the
Mar 8 low at 129.84. Resistance 130.79-130.86 and then 130.90-130.94.

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