(M18) Pullback Leaves 130.95.............>

BOBL TECHS: (M18) Pullback Leaves 130.95 Protecting 130.88-130.81 Fall

*RES 4: 131.31 Apr 3 high

*RES 3: 131.25 May 3 high

*RES 2: 131.18 Hourly congestion May 4-May 7

*RES 1: 131.10 May 4 low, now resistance

*PRICE: 130.99 @0805GMT

*SUP 1: 130.95/99 Hourly support

*SUP 2: 130.88 May 3 low

*SUP 3: 130.81/82 Apr 30 low, 61.8% of 130.55-131.25

*SUP 4: 130.72/74 76.4% Fibo, Initial rally highs Apr 24

*COMMENTARY* Has been unable to deal with 131.24-131.26 resistance over the last

few days, let alone a return to the early April high at 131.31. Now bowing to

some near term overbought conditions, so eyes will initially be on 130.99-130.95

support. Loss would caution now and suggest scope for a deeper pullback of the

gains seen since the Apr 25 low at 130.55. This would then pull 130.88-130.81

back into the reckoning. Resistance now from 131.10-131.18.