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(Z17) 131.12 Next upport After 131.42....>

BOBL TECHS
BOBL TECHS: (Z17) 131.12 Next upport After 131.42 Gives Way
*RES 4: 131.75/80 Congestion area Sep 8-Sep 11
*RES 3: 131.60 Sep 14 high
*RES 2: 131.49 Intraday high
*RES 1: 131.37/42 Hourly resistance
*PRICE: 131.26 @1255GMT
*SUP 1: 131.12 38.2% Fibo of 129.72-131.98
*SUP 2: 130.96/98 0.5% volatility band, Aug 2 high
*SUP 3: 130.90 Aug 16 low
*SUP 4: 130.85 50% Fibo of 129.72-131.98d
*COMMENTARY* Reached a high of 131.98 last week, before falling foul of some
overbought conditions. In this respect, Tuesday's loss of 131.53 support,
switched near term bias back to the downside and attention on the Sep 1 low at
131.42. This gave way on Thursday as we now head towards next support between
131.22-131.12. Resistance comes from 131.37-131.42 but back above the day's
131.49 high needed for any real improvement.

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