(Z17) 131.16-131.06 To Hold Now If.......>

BOBL TECHS: (Z17) 131.16-131.06 To Hold Now If Recovery To Continue

*RES 4: 131.73 76.4% Fibo of 131.98-130.92

*RES 3: 131.58/60 61.8% Fibo of 131.98-130.92, Sep 14 high

*RES 2: 131.50 Oct 4 high

*RES 1: 131.37/42 Hourly resistance

*PRICE: 131.31 @1100GMT

*SUP 1: 131.16 Intraday low

*SUP 2: 131.06 Oct 2 low

*SUP 3: 130.92 Sep 28 low

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

*COMMENTARY* Broke above the previously troublesome 131.31 resistance. A high of

131.50 on Wednesday before some near term overbought conditions have induced a

pullback. This slightly lower than the preferred 131.22 level, so looking

towards 131.16 for initial support, the Oct 2 low at 131.06 of more importance

below. Loss would disappoint now and suggest the recovery was over for the time

being. Directly above 131.50 however and the rally can reach 131.58-131.73 next.