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(H18) Topside Follow Through Lacking.....>

BOBL TECHS
BOBL TECHS: (H18) Topside Follow Through Lacking
*RES 4: 132.208 55-DMA 
*RES 3: 132.018 100-DMA 
*RES 2: 131.880 Hourly support Dec 20 now resistance 
*RES 1: 131.760 High Dec 21
*PREVIOUS CLOSE: 131.650
*SUP 1: 131.590 Lows Jan 5 & 8
*SUP 2: 131.430 Low Dec 27
*SUP 3: 131.350 Monthly Low Nov 30 (cont)
*SUP 4: 131.206 Daily Bear channel base
*COMMENTARY: O/S daily studies looking to correct remain the key concern for
bears given the bounce from the bear channel base in recent weeks. Follow
through above 131.760 was lacking with bulls now needing a close above 131.880
to shift focus back to 132.025-240 where key DMAs are noted. Overall bulls need
a close above 132.240 to target 132.740. Bears now need a close below 131.590 to
gain breathing room.

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