(U17) Upside Has Potential To Reach......>

BOBL TECHS: (U17) Upside Has Potential To Reach 132.28-132.34 Next

*RES 4: 132.65 0.5% volatility band

*RES 3: 132.46/51 Jun 28 high, 61.8% Fibo of 133.26-131.30

*RES 2: 132.34 1.618 swing of 132.14-131.82

*RES 1: 132.28 50% Fibo of 133.26-131.30

*PRICE: 132.19 @1043GMT

*SUP 1: 132.02/03 Jul 31, intraday lows

*SUP 2: 131.87 Jul 28 low

*SUP 3: 131.82 Jul 13 high, Jul 25 low

*SUP 4: 131.65/67 Jul 19, Jul 20 lows

*COMMENTARY* Finally breaking clear of 132.14 resistance, this sees near term

potential for a run at the 50% Fibo retrace level at 132.28 and the swing target

at 132.34 as they become the next upside objectives. In the meantime, nearest

support rises to 132.02-03 and this currently offers protection to the key near

term support level at 131.82. Similarly a loss here, would see the potential for

a further 131.65-131.47 fall.