(M18) Swing Target At 131.18, The Next...>

BOBL TECHS: (M18) Swing Target At 131.18, The Next Barrier To Surmount

*RES 4: 131.71 Dec 14 high

*RES 3: 131.47 Nov 29 low, now resistance

*RES 2: 131.42/43 61.8% Fibo of 132.70-129.36, 0.5% vol band

*RES 1: 131.18 1.618 swing of 131.06-130.86

*PRICE: 131.14 @1703GMT

*SUP 1: 130.86 Mar 26 low

*SUP 2: 130.76 Mar 19 high, now support

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

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

*COMMENTARY* The threat to break 130.76 resistance materialised last Thursday,

also clearing 130.89-130.91, before moving into the next area of resistance from

between 131.03-131.07. After an interim dip to 130.86, this area has been

cleared today, the swing target at 131.18, now the bar to a further

131.42-131.47 rise. Support still comes from that 130.86 region and this

currently protects against any deeper corrective action.