(M18) Rally Still Shy Of Next............>

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

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

*RES 3: 131.71/79 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: 131.16 @0835GMT

*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 slightly increase gains through the

previous 131.30 high, to reach 131.31 last 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, again 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.