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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: 132.02 0.5% volatility band
*RES 2: 131.86/88 Jun 5 high, 50% of 132.97-130.78
*RES 1: 131.62/63 38.2% of 132.97-130.78, Jun 8 high
*PRICE: 131.75 @0819GMT
*SUP 1: 131.50/59 Intraday low, hourly support
*SUP 2: 131.35 Hourly base Jun 14
*SUP 3: 131.19 Jun 13 high, now support
*SUP 4: 131.00/05 Hourly congestion Jun 12-14
*COMMENTARY* Thursday saw a fall to 130.78, after 130.90 and the the May 21 high
at 130.84 gave way. These were 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, 131.62-131.88 now
appears on the horizon. In the meantime, support comes 131.50-131.35 with 131.19
of more consequence lower.

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