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(Z17) Lower After 131.42-131.44 Break....>

BOBL TECHS
BOBL TECHS: (Z17) Lower After 131.42-131.44 Break Fails To Materialise
*RES 4: 131.44 Sep 26 high
*RES 3: 131.31 Sep 26 low, now resistance
*RES 2: 131.22 Hourly recovery high Sep 27
*RES 1: 131.15 Hourly resistance
*PRICE: 131.05 @1124GMT
*SUP 1: 130.90/94 Aug 16, Sep 21 lows
*SUP 2: 130.85 50% Fibo of 129.72-131.98
*SUP 3: 130.58 61.8% Fibo of 129.72-131.98
*SUP 4: 130.52 0.5% volatility band
*COMMENTARY* Unable to sustain a recovery through 131.42-131.44 resistance and
has subsequently paid the price. Already back down to testing previous
130.94-130.90 lows, these the protection to the 50% Fibo retrace at 130.85. Any
lower and the swing target of the recent 130.94-131.44 rise, at 130.63, and the
61.8% Fibo retrace at 130.58 are next. In the interim, 131.15-131.22 provides
resistance to any near term recovery.

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