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(H18) Pressuring Key Supports *RES 4:....>

BOBL TECHS
BOBL TECHS: (H18) Pressuring Key Supports
*RES 4: 132.740 High Dec 7 
*RES 3: 132.704 Bollinger band top 
*RES 2: 132.550 Highs Dec 13 & 15 
*RES 1: 132.350 Hourly support Dec 15 now resistance
*PREVIOUS CLOSE: 132.300
*SUP 1: 132.261 55-DMA
*SUP 2: 132.250 Low Dec 4
*SUP 3: 132.124 Daily Bull channel base (Off Oct 25 low)
*SUP 4: 131.970 Monthly low Nov 30
*COMMENTARY: The sell-off to start the new week leaves the contract looking
heavy and pressuring support layers. Bears need a close below the daily bull
channel base to confirm a break of the 55-DMA and shift immediate pressure to
131.860-970. Daily studies are well placed for a break lower. Bulls now need a
close above 132.35 to gain breathing room and above 163.550 to return focus to
132.740 highs from last week.

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