(Z17) 131.61 Support Keeps Recent........>

BOBL TECHS: (Z17) 131.61 Support Keeps Recent Upside Momentum Intact

*RES 4: 132.24 0.5% volatility band

*RES 3: 131.95/99 8 week bull channel projection, Jun 7 high 

*RES 2: 131.87 Sep 5 high

*RES 1: 131.78/81 Hourly resistance

*PRICE: 131.69 @1122GMT

*SUP 1: 131.61 Hourly support

*SUP 2: 131.53 Sep 5 low

*SUP 3: 131.42 Sep 1 low

*SUP 4: 131.37 8 week rising support line, Aug 28 low

*COMMENTARY* Moved above the 76.4% Fibo retrace level at 131.76 on Tuesday, to

reach a high of 131.87, before falling foul of some near term overbought

conditions. In this respect, anticipating initial support from above 131.61. A

loss here would disappoint now and spoil very recent upside momentum. While

intact, look to 131.78-131.81 for resistance ahead of that 131.87 high. Above

and look towards 131.95-131.99 next.