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(U18) 131.17-131.19 Break Opens Way......>

BOBL TECHS
BOBL TECHS: (U18) 131.17-131.19 Break Opens Way For Correction
*RES 4: 132.12/13 May 31 high, 61.8% of 132.97-130.78
*RES 3: 131.86/88 Jun 5 high, 50% of 132.97-130.78
*RES 2: 131.62/63 38.2% of 132.97-130.78, Jun 8 high
*RES 1: 131.47/49 Hourly highs Jun 8
*PRICE: 131.49 @1505GMT
*SUP 1: 131.19 Jun 13 high, now support
*SUP 2: 130.99 Jun 13 low
*SUP 3: 130.90 Jun 12 low
*SUP 4: 130.75/78 76.4% of 130.06-132.97, intraday low 
*COMMENTARY* Today saw a fall to 130.78, after 130.90 and the the May 21 high at
130.84 gave way. These the protection against a drop into the key 130.75-130.63
area. Oversold as a result and the 131.17-131.19 area has been breached and
should assist a recovery. In this respect, 131.47-131.49 provides resistance and
bar to a higher 131.62-131.88 rise. In the meantime, support comes from the Jun
13 high at 131.19 and then from 130.99, ahead of 130.90 again. 

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