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(M18) Rally Challenging April's High.....>

BOBL TECHS
BOBL TECHS: (M18) Rally Challenging April's High
*RES 4: 131.65 0.5% volatility band
*RES 3: 131.63 1.618 swing of 131.25-130.64
*RES 2: 131.46 15 month falling resistance line
*RES 1: 131.31 Apr 3 high
*PRICE: 131.28 @0732GMT
*SUP 1: 131.08 Intraday low
*SUP 2: 131.00/01 May 16, May 17 highs, now support
*SUP 3: 130.90 Initial rally high May 18, now support
*SUP 4: 130.79 Congestion lows May 16-17
*COMMENTARY* The bounce from last Thursday's 130.75 low has surpassed initial
resistance from 131.11 and today from the previous highs at 131.25. This now
leaves the Apr 3 high at 131.31 as the next barrier of note, ahead of the 15
month weekly falling resistance line at 131.46. In the meantime, support rises
to the day's 131.08 low, with the 131.01-130.90 area backing it up. Through
131.46 and 131.63-131.65 becomes the next key area to watch.

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