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(H18) Bears Now Need Close Below.........>

BOBL TECHS
BOBL TECHS: (H18) Bears Now Need Close Below 21-DMA
*RES 4: 131.450 High Jan 23 
*RES 3: 131.380 High Mar 5 
*RES 2: 131.280 Hourly resistance Mar 5 
*RES 1: 131.090 Hourly support Mar 1 now resistance
*PREVIOUS CLOSE: 130.960
*SUP 1: 130.820 Low Feb 28
*SUP 2: 130.775 21-DMA
*SUP 3: 130.610 Lows Feb 21 & 22
*SUP 4: 130.340 Low Feb 15
*COMMENTARY: The lack of topside follow through has resulted in a bearish close
back below the 55-DMA (131.098). The 21-DMA is key support today. Bears look for
a close below the 21-DMA to shift initial focus back to 130.610. Layers of
resistance are following the contract lower with correcting O/B studies also
seen weighing. Bulls now need a close above 131.090 to gain breathing room and
above 131.280 to return focus to 131.380-520.

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