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(U17) 132.54 Hold Needed To Retain.......>

BOBL TECHS
BOBL TECHS: (U17) 132.54 Hold Needed To Retain Recent Momentum
*RES 4: 133.38 61.8% Fibo of 134.89-130.95
*RES 3: 133.26 Jun 12 high
*RES 2: 133.19 0.5% volatility band
*RES 1: 132.87/95 Aug 11, Jun 21 highs
*PRICE: 132.62 @1510GMT
*SUP 1: 132.52/54 Intraday low, Aug 10 low
*SUP 2: 132.46 Aug 4 high, now support
*SUP 3: 132.37/40 Opening gap Aug 8-Aug 9
*SUP 4: 132.24 Aug 7 low
*COMMENTARY* Benefitted from the hold of 132.24 support last week breaking above
the 76.4% Fibo retrace level at 132.80. This now sees the Jun 21 high at 132.95
as next resistance, ahead of the upper 0.5% volatility band at 133.19 by time
today. Support meanwhile comes from Thursday's 132.54 base. This should now
remain intact, if further gains are to follow at this stage and prevent a deeper
correction taking place.

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