(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: 131.51 0.5% volatility band

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

*RES 1: 131.18/19 1.618 swing of 131.06-130.86, Mar 27 high

*PRICE: 131.16 @0703GMT

*SUP 1: 130.94 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* Tuesday saw the upside increase gains through  131.06-131.07 to

reach a high of 131.19, just above the swing target of the previous

131.06-130.86 fall, at 131.18, before running into some overbought hourly

conditions. Nearest support comes from 130.94 but the stronger level still seen

from 130.86. Will need to retain level above here, if further gains toward

131.42-131.47, are to be made at this stage.