(M18) Rally Pulls Up Shy Of Next.........>

BOBL TECHS: (M18) Rally Pulls Up Shy Of Next 131.42-131.47 Targets

*RES 4: 131.91 76.4% Fibo of 132.70-129.36

*RES 3: 131.71/75 Dec 14 high, 0.5% volatility band

*RES 2: 131.42/47 61.8% Fibo of 132.70-129.36, Nov 29 low

*RES 1: 131.30/31 Mar 28, Apr 3 highs

*PRICE: 131.13 @0741GMT

*SUP 1: 130.96/03 Hourly support

*SUP 2: 130.86 Mar 26 low

*SUP 3: 130.68 Hourly congestion Mar 20-Mar 21

*SUP 4: 130.51/54 Mar 19, Mar 21 lows

*COMMENTARY* Last week saw the upside increase gains through  the previous

131.19 high, to reach 131.30 last Wednesday, also tested again Tuesday. Still

shy of the next notable  targets, the 61.8% Fibo retrace level at 131.42 and the

Nov 29 low at 131.47. Meanwhile, some near term overbought conditions have

arisen, so looking towards 131.03-130.96 for initial support. Loss of the latter

would caution, leaving the Mar 26 low at 130.86 vulnerable below.