(Z17) Decline Continues Toward Key.......>

BOBL TECHS: (Z17) Decline Continues Toward Key 131.53-131.54 Support

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

*RES 3: 131.87 Sep 5 high

*RES 2: 131.83 Sep 11 high

*RES 1: 131.74 Sep 11 low, now resistance

*PRICE: 131.61 @1226GMT

*SUP 1: 131.53/54 Sep 5, Sep 7 lows

*SUP 2: 131.42 Sep 1 low

*SUP 3: 131.37 Aug 28 low

*SUP 4: 131.22 Aug 11 high, now support

*COMMENTARY* Moved through the 76.4% Fibo retrace level at 131.76 last week, to

reach a high of 131.98, before falling foul of some overbought conditions. In

this respect, the subsequent loss of 131.64 now leaves 131.54-131.53 support as

important to direction. In the interim, resistance comes from 131.74-131.87,

back above the latter needed before thoughts can again turn higher. Loss of

131.53 would see fall accelerate towards the Sep 1 low at 131.42 next.