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

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

*RES 4: 131.76 Oct 17 high

*RES 3: 131.62 Oct 19 high

*RES 2: 131.49/51 Opening gap Oct 19-20

*RES 1: 131.36/40 Hourly resistance

*PRICE: 131.20 @1225GMT

*SUP 1: 131.13/15 Oct 11 low, 76.4% Fibo of 130.96-131.76

*SUP 2: 130.96 Oct 6 low

*SUP 3: 130.85 50% Fibo of 129.72-131.98

*SUP 4: 130.78 0.5% volatility band

*COMMENTARY* Last week's slide from a 131.76 high on Tuesday found some support

from 131.26, 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

131.36-139.47 now for initial resistance but likely needing to regain levels

back above 131.62before overall confidence in the topside will resume. Loss of

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