(H18) Bounces From Channel Base *RES.....>

BOBL TECHS: (H18) Bounces From Channel Base

*RES 4: 132.254 55-DMA 

*RES 3: 131.984 100-DMA 

*RES 2: 131.880 Hourly support Dec 20 now resistance 

*RES 1: 131.740 High Dec 21

*PREVIOUS CLOSE: 131.700

*SUP 1: 131.530 Hourly support Dec 27

*SUP 2: 131.430 Daily Bear channel base, Low Dec 27

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

*SUP 4: 131.268 Weekly Bollinger band base

*COMMENTARY: O/S daily studies appear to be impacting with a bounce from the

bear channel base 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

132.240-288. While 131.740 caps bears remain focused on 130.920-131.350 where

Nov lows are noted. The Bollinger base (131.587) remains the key concern for

bears.