(U18) The 132.30 Area Remains A Tough....>

BOBL TECHS: (U18) The 132.30 Area Remains A Tough Obstacle To Progress

*RES 4: 132.80 0.5% volatility band

*RES 3: 132.63/66 1.618 swing 132.30-131.77, May 30 high 

*RES 2: 132.45 76.4% Fibo of 132.97-130.78

*RES 1: 132.30/33 Jun 28, Jul 2 highs

*PRICE: 132.18 @0910GMT

*SUP 1: 131.89/90 Jul 5 low, hourly support

*SUP 2: 131.77 Jun 29 low

*SUP 3: 131.60 Jun 18 low

*SUP 4: 131.37 61.8% Fibo of 130.78-132.33

*COMMENTARY* The 132.30 area has proved a tough opponent over the last 2 weeks.

A high of 132.33 on Monday, is the best it has got so far and a continued move

towards the 76.4% Fibo retrace level at 132.45 and the swing target at 132.63,

still looks to be on hold for a while. While capped around 132.30-132.33, there

will be scope for a pullback, immediate support comes from 131.90 and then last

Friday's 131.77 low, loss will caution.