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(Z17) Rallies From One 76.4% Fibo........>

BOBL TECHS
BOBL TECHS: (Z17) Rallies From One 76.4% Fibo Retrace Level To Another
*RES 4: 132.32 0.5% volatility band
*RES 3: 132.06 Nov 8 high
*RES 2: 131.82/89 Nov 9, 15, 28 & Dec 1 highs, 76.4% Fibo
*RES 1: 131.75/77 Hourly resistance
*PRICE: 131.71 @0808GMT
*SUP 1: 131.57/60 Nov 30 high, Dec 1 hourly low
*SUP 2: 131.45 Hourly congestion area Nov 29-30
*SUP 3: 131.32/35 76.4% of 131.09-132.06, Dec 1 low
*SUP 4: 131.17 38.2% Fibo of 129.72-132.06
*COMMENTARY* Support found from just above the 76.4% Fibo retrace level at
131.32 last Thursday, was followed by a strong recovery which once again aimed
for another 76.4% Fibo, this time on the topside at 131.89, at the top end of
some congested highs between 131.82 and here. Will need through 131.89 before
the overall bias can swing back to higher. Meantime, support from 131.60 and
especially 131.45 protects the downside.

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