(Z17) Fresh Decline Has 130.90-130.85....>

BOBL TECHS: (Z17) Fresh Decline Has 130.90-130.85 In Mind

*RES 4: 131.59/60 Sep 13, Sep 14 highs

*RES 3: 131.42 Sep 13 low, now resistance

*RES 2: 131.27 Sep 19, Sep 20 highs

*RES 1: 131.14/19 Hourly resistance

*PRICE: 131.07 @1453GMT

*SUP 1: 130.90/94 Aug 16, intraday lows

*SUP 2: 130.85 50% Fibo of 129.72-131.98

*SUP 3: 130.71 0.5% volatility band

*SUP 4: 130.58 61.8% Fibo of 129.72-131.98

*COMMENTARY* Reached a high of 131.98 this month, before falling foul of some

overbought conditions. In this respect, last week's loss of 131.42 support,

switched near term bias back to the downside, further enhanced by this week's

move below 131.12. Focus now becomes a deeper 130.98-130.85 decline. Resistance

comes from 131.14-131.19 but back above 131.27 needed to spark any real near

term improvement.