(H18) Bears Now Focused On...............>

BOBL TECHS: (H18) Bears Now Focused On 130.920-131.350

*RES 4: 132.100 Hourly resistance Dec 19 

*RES 3: 131.967 100-DMA 

*RES 2: 131.880 Hourly support Dec 20 now resistance 

*RES 1: 131.740 High Dec 21

*PREVIOUS CLOSE: 131.610

*SUP 1: 131.580 Low Dec 21

*SUP 2: 131.481 Daily Bear channel base

*SUP 3: 131.350 Monthly Low Nov 30 (cont)

*SUP 4: 130.920 Monthly Low Sept 28 (cont)

*COMMENTARY: The sell-off leaves the contract looking heavy with losses

resulting in bearish closes and focus now on 130.920-161.350 where the daily

bear channel base is noted. The Bollinger base (131.783) remains the key concern

for bears and sees the move getting a little ahead of itself. Bulls now need a

close above 131.740 to ease bearish pressure and above the 100-DMA to hint at a

correction back to 132.240-321.