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(M18) Rally Falters Ahead Of 15 Month....>

BOBL TECHS
BOBL TECHS: (M18) Rally Falters Ahead Of 15 Month Resistance Line
*RES 4: 131.67 0.5% volatility band
*RES 3: 131.63 1.618 swing of 131.25-130.64
*RES 2: 131.43/46 May 21 high,15 month falling resistance line
*RES 1: 131.33 Hourly resistance
*PRICE: 131.21 @1513GMT
*SUP 1: 131.11 Intraday low
*SUP 2: 131.08 Hourly base May 18
*SUP 3: 131.00/01 May 16, May 17 highs, now support
*SUP 4: 130.90 Initial rally high May 18, now support
*COMMENTARY* Having surpassed the Apr 3 high at 131.31, Monday's rally faltered
at 131.43, just below the 15 month falling resistance line at 131.46. Some
overbought conditions then warranting a pullback. This sees 131.17 support under
pressure, although stronger levels are currently visible from between
131.08-131.00. Loss of the latter would caution now. Meanwhile, 131.33 stands in
the way of a fresh attempt higher.

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