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

BOBL TECHS
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.

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