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(M18) Friday's Rally To 132.18 Sees......>

BOBL TECHS: (M18) Friday's Rally To 132.18 Sees Quick Reversal Today
*RES 4: 132.37 50% Fibo of 134.89-129.84
*RES 3: 132.18 May 25 high
*RES 2: 132.09/10 Initial pullback lows May 25, now res'tce
*RES 1: 131.99/01 0.5% volatility band, intraday high
*PRICE: 131.90 @0726GMT
*SUP 1: 131.75 May 24 high, now support
*SUP 2: 131.62 May 23 high, now support
*SUP 3: 131.49 Broken 15 month resistance line
*SUP 4: 131.25 May 3, May 10 highs, now support
*COMMENTARY* Continued to post gains following last Wednesday's rally through
the 15 month falling resistance line, at 131.49 by time today. The rally moved
briefly through the upper 0.5% volatility band on Friday, this remains an
occurrence virtually unheard of over the last year or so, to reach 132.18,
before being swiftly reversed. This is currently at 132.01. Support around
131.75 should offer initial clues, lower and look to 131.62-131.49 next.

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