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(Z17) 131.06-131.01 Support After........>

BOBL TECHS
BOBL TECHS: (Z17) 131.06-131.01 Support After 131.30-131.31 Caps
*RES 4: 131.60 Sep 14 high
*RES 3: 131.44 Sep 26 high
*RES 2: 131.30/31 Sep 26 low, Sep 29, Oct 2 highs
*RES 1: 131.23/26 Hourly resistance
*PRICE: 131.14 @1020GMT
*SUP 1: 131.01/06 Hourly support, Oct 2 low
*SUP 2: 130.92 Sep 28 low
*SUP 3: 130.85 50% Fibo of 129.72-131.98
*SUP 4: 130.68 1.618 swing of 130.92-131.31
*COMMENTARY* Rallies have been unable to make a move through 131.30-131.31
resistance over the last few days and as a result, we have become overbought in
the near term. This suggests that there is scope to retest support from within
131.06-131.01. Loss of the latter would concern now and likely put the recent
130.92 low back under pressure. Meanwhile, back above 131.23-131.26 would aid
another upside attempt. Lose 130.92 and 130.85-130.68 next.

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