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(Z17) 131.88-131.93 Resistance As........>

BOBL TECHS
BOBL TECHS: (Z17) 131.88-131.93 Resistance As Correction Unwinds
*RES 4: 132.06/14 Nov 8 high, 50% of 133.36-130.92
*RES 3: 131.97 Congestion area Nov 7-Nov 9
*RES 2: 131.93 76.4% Fibo of 132.06-131.52
*RES 1: 131.88 Nov 15 high
*PRICE: 131.80 @1037GMT
*SUP 1: 131.62 Nov 23 low
*SUP 2: 131.52 Nov 22 low
*SUP 3: 131.46 61.8% Fibo of 131.09-132.06
*SUP 4: 131.40 Equality fall from 131.88 to 132.06-131.58
*COMMENTARY* Has found some support from 131.52 over the last week or so, the
subsequent recovery looking to correct some of the recent losses from the
month's 132.06 high. Now looking to the 131.88-131.93 area for next resistance
but likely needing a move back above the higher 131.97 area, before renewed
confidence in the upside will appear. Meanwhile, support comes from above
131.62, loss would caution again.

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