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(H18) Above 131.740 To Ease Bearish......>

BOBL TECHS
BOBL TECHS: (H18) Above 131.740 To Ease Bearish Pressure
*RES 4: 132.247 55-DMA 
*RES 3: 131.998 100-DMA 
*RES 2: 131.880 Hourly support Dec 20 now resistance 
*RES 1: 131.740 High Dec 21
*PREVIOUS CLOSE: 131.550
*SUP 1: 131.430 Low Dec 27
*SUP 2: 131.350 Monthly Low Nov 30 (cont)
*SUP 3: 131.328 Daily Bear channel base
*SUP 4: 131.248 Weekly Bollinger band base
*COMMENTARY: O/S daily studies and the Bollinger base (131.351) remain the key
concern for bears given the bounce from the bull channel base last Wednesday.
Bulls continue to look for a close above 131.740 to ease bearish pressure and
above the 100-DMA to hint at a correction back to 132.159-250. While 131.740
caps bears remain focused on 130.920-131.350 where Nov lows are noted.

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