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BOBL TECHS: (U18) Fibo Retrace At 131.64 Proves Tough To Break
*RES 4: 131.94 50% Fibo of 132.97-130.92
*RES 3: 131.84/86 Jun 1, Jun 5 highs
*RES 2: 131.63/64 Intraday high, 76.4% of 131.86-130.92
*RES 1: 131.56 Hourly resistance
*PRICE: 131.44 @1505GMT
*SUP 1: 131.05/13 Hourly support
*SUP 2: 130.92 Jun 7 low
*SUP 3: 130.84 May 21 high, now support
*SUP 4: 130.75 76.4% Fibo of 130.06-132.97
*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. Oversold as a result, resistance from
131.43 has been overcome but likely that 131.64 will be tougher higher.