(Z17) 131.42 Back Under Pressure As......>

BOBL TECHS: (Z17) 131.42 Back Under Pressure As Decline Continues

*RES 4: 131.98/99 Sep 8, Jun 7 highs

*RES 3: 131.83/87 Sep 11, Sep 5 highs

*RES 2: 131.74 Sep 11 low, now resistance

*RES 1: 131.63 Hourly resistance

*PRICE: 131.43 @1200GMT

*SUP 1: 131.42 Sep 1 low

*SUP 2: 131.37 Aug 28 low

*SUP 3: 131.22 Aug 11 high, now support

*SUP 4: 131.12 38.2% Fibo of 129.72-131.98

*COMMENTARY* Reached a high of 131.98 last week, before falling foul of some

overbought conditions. In this respect, Tuesday's loss of 131.54-131.53 support,

switches near term bias back to the downside and attention on the Sep 1 low at

131.42, which is back under fire today. In the interim, resistance comes from

131.63-131.74 but back above 131.87 needed for improvement. Below 131.42 and

Fibo support at 131.12 is the next main attraction.