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(U18) 132.28-132.29 Break Needed To......>

BOBL TECHS
BOBL TECHS: (U18) 132.28-132.29 Break Needed To Test 132.45 Next
*RES 4: 132.66 May 30 high
*RES 3: 132.61 0.5% volatility band
*RES 2: 132.45 76.4% Fibo of 132.97-130.78
*RES 1: 132.28/29 Jun 21 high
*PRICE: 132.24 @0745GMT
*SUP 1: 132.02/04 Jun 19 high, Jun 22 low
*SUP 2: 131.90 Hourly congestion area Jun 19-20
*SUP 3: 131.81/82 Jun 15 high, Jun 20 low
*SUP 4: 131.60 Jun 18 low
*COMMENTARY* The 132.28-132.29 area is proving tough to break and a continued
move towards the 76.4% Fibo retrace level at 132.45 and the upper 0.5%
volatility band at 132.50, looks to be on hold for a while. While capped here,
the immediate focus will be on 132.04-132.02 support, for any sign of weakness.
Loss will open the way for for a deeper 131.90-131.81 fall, where further
questions are asked and scope for a correction of gains from 130.78.

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