(M18) Hold Above 130.54-130.51 Support...>

BOBL TECHS: (M18) Hold Above 130.54-130.51 Support Propels Bounce

*RES 4: 131.31 Apr 3 high

*RES 3: 131.21/24 Apr 18, Apr 6 highs

*RES 2: 131.13 76.4% Fibo of 131.31-130.55

*RES 1: 131.02 61.8% Fibo of 131.31-130.55

*PRICE: 131.02 @1530GMT

*SUP 1: 130.81 Intraday low

*SUP 2: 130.63 Hourly high/low Apr 25

*SUP 3: 130.51/54 Mar 19, Mar 21 lows

*SUP 4: 130.40/44 61.8% 129.84-131.31, swing 130.56-130.75

*COMMENTARY* Last week saw the decline reach 130.55, in line with 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 and the rally back through

130.75-130.79 has given a boost and is now testing resistance from the top of

next 130.94-131.02 resistance, as we claw back losses. Meanwhile, 130.81 now

provides protection against renewed downside.