(U18) 131.74 Remains Key Near Term.......>

BOBL TECHS: (U18) 131.74 Remains Key Near Term Support

*RES 4: 132.27/33 Jul 18, Jul 13, Jul 02 highs 

*RES 3: 132.20 Initial pullback low Jul 13, now resistance

*RES 2: 132.12 Hourly high Jul 20

*RES 1: 132.00/04 Jul 25, Jul 23 highs

*PRICE: 131.81 @0753GMT

*SUP 1: 131.72/74 Intraday low, 38.2% Fibo of 130.78-132.33 

*SUP 2: 131.56/60 50% Fibo of 130.78-132.33, Jun 18 low

*SUP 3: 131.35/37 0.5% volatility band, 61.8% of 130.78-132.33

*SUP 4: 131.15 76.4% Fibo of 130.78-132.33

*COMMENTARY* The 132.30 area has continued to prove a tough opponent over the

last month. Highs of 132.33 on Jul 2 and Jul 13 are the best it has got so far.

A continued move towards the 76.4% Fibo retrace level at 132.45 and the swing

target at 132.63, are now on hold. While capped around 132.30-132.33, there will

be scope for a pullback, key support now coming from around 131.74. Meanwhile,

132.00-132.12 provides nearest resistance.