(U18) Rally Still Tracking The Upper.....>

BOBL TECHS: (U18) Rally Still Tracking The Upper 0.5% Volatility Band

*RES 4: 132.66 May 30 high

*RES 3: 132.45 76.4% Fibo of 132.97-130.78

*RES 2: 132.39 0.5% volatility band

*RES 1: 132.28 Jun 21 high

*PRICE: 132.20 @1600GMT

*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 rally was constrained last week by the upper 0.5% volatility

band, which has risen by time today to 132.39, just shy of the next Fibo retrace

level, the 76.4% at 132.45. Will need to overcome Thursday's 132.28 high first

however, before thoughts can turn to those higher levels. In the meantime,

132.04-132.02 provides immediate support, 131.90-131.81 below. A loss of the

latter would caution now and suggest room for some deeper correction.