(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: 131.71/76 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: 131.12 @0800GMT

*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 this 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.