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(Z17) 131.12 Fibo Support Under..........>

BOBL TECHS
BOBL TECHS: (Z17) 131.12 Fibo Support Under Pressure 
*RES 4: 131.60/63 Sep 14 high, hourly high Sep 12
*RES 3: 131.54 Sep 7 low
*RES 2: 131.42 Sep 13 low, now resistance
*RES 1: 131.29/32 Sep 18 high, Sep 14 low
*PRICE: 131.22 @1140GMT
*SUP 1: 131.08/12 Sep 18 low, 38.2% Fibo of 129.72-131.98
*SUP 2: 130.98 Aug 2 high
*SUP 3: 130.90 Aug 16 low
*SUP 4: 130.85 50% of 129.72-131.98, 0.5% volatility band
*COMMENTARY* Reached a high of 131.98 this month, before falling foul of some
overbought conditions. In this respect, last week's loss of 131.42 support,
switched near term bias back to the downside. Focus now becomes support around
the 38.2% Fibo retrace level at 131.12. This currently protecting against a
deeper 130.98-130.85 decline. Resistance comes from 131.29-131.32, back above
here needed for any real improvement.

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