(Z17) 131.15-131.13 Becomes Pivotal To...>

BOBL TECHS: (Z17) 131.15-131.13 Becomes Pivotal To Overall Direction

*RES 4: 131.64 76.4% Fibo of 131.76-131.26

*RES 3: 131.62 Oct 19 high

*RES 2: 131.49/51 Intraday opening gap

*RES 1: 131.45 Oct 19 low, now resistance

*PRICE: 131.32 @1440GMT

*SUP 1: 131.26 Intraday low

*SUP 2: 131.13/15 Oct 11 low, 76.4% Fibo of 130.96-131.76

*SUP 3: 130.96 Oct 6 low

*SUP 4: 130.85 50% Fibo of 129.72-131.98

*COMMENTARY* Continuing the week's slide from Tuesday's 131.76 high. A low of

131.26 so far, as we head back down towards the pivotal 131.15-131.13 area. A

hold here is a must, if recent upside momentum is to survive. In the interim,

look to 131.45 for initial resistance but likely needing to regain levels back

above 131.62-131.64 before overall confidence in the topside will resume. Loss

of 131.13 will disappoint and leave 130.96-130.85 open to challenge.