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(H18) Bearish Focus Shifts To 131.610....>

BOBL TECHS
BOBL TECHS: (H18) Bearish Focus Shifts To 131.610
*RES 4: 132.550 Highs Dec 13 & 15 
*RES 3: 132.386 21-DMA 
*RES 2: 132.240 Low Dec 18 now resistance 
*RES 1: 132.100 Hourly resistance Dec 19
*PREVIOUS CLOSE: 132.030
*SUP 1: 131.860 High Oct 24 now support
*SUP 2: 131.739 55-WMA
*SUP 3: 131.610 Monthly Low Oct 6
*SUP 4: 131.542 Daily Bear channel base
*COMMENTARY: The sell-off to start the new week leaves the contract looking
heavy with losses Tuesday resulting in a bearish close and focus now on tests of
the 131.610 Oct low. Daily studies are well placed for losses before O/S is an
issue. Layers of resistance left in the wake add to bearish confidence. Bulls
now need a close above 132.240 to ease bearish pressure and above the 21-DMA to
shift focus to 132.550-740.

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