(M18) Seeing Another Challenge To 15.....>

BOBL TECHS: (M18) Seeing Another Challenge To 15 Month Resistance Line

*RES 4: 131.82 Jan 8 high

*RES 3: 131.71 0.5% volatility band

*RES 2: 131.63 1.618 swing of 131.25-130.64

*RES 1: 131.43/46 May 21 high,15 month falling resistance line

*PRICE: 131.40 @0740GMT

*SUP 1: 131.18/23 Hourly support

*SUP 2: 131.08/11 Hourly base May 18, May 22 low

*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 has seen a low of 131.11

although stronger levels are currently visible from between 131.08-131.00. Loss

of the latter would caution now. Meanwhile, above 131.43-131.46 and 131.63 is

the next target to note, ahead of the 0.5% volatility band.