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(U18) 130.84 Now Protects Key............>

BOBL TECHS
BOBL TECHS: (U18) 130.84 Now Protects Key 130.75-130.63 Area
*RES 4: 131.84/86 Jun 1, Jun 5 highs
*RES 3: 131.60/65 Congestion area May 31-Jun 5
*RES 2: 131.43 Jun 4 low, now resistance
*RES 1: 131.20 Intraday high
*PRICE: 131.06 @1455GMT
*SUP 1: 130.84 May 21 high, now support
*SUP 2: 130.75 76.4% Fibo of 130.06-132.97
*SUP 3: 130.69/70 76.4% of 129.98-132.97, Mar 28 high
*SUP 4: 130.63 May 4 high, now support
*COMMENTARY* Lost support from 131.46-131.43 on Wednesday after seeing a tame
bounce to 131.86 on Tuesday, as near term oversold conditions were pacified.
Have since moved below the next supports of note from between 131.23-131.17,
which currently leaves the May 21 high at 130.84 as the protection against a
drop into the key 130.75-130.63 area. As a result, resistance comes from the
day's 131.20 high, above will assist but 131.43-131.65 tougher higher.

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