(H18) Topside Hesitation Still A.........>

BOBL TECHS: (H18) Topside Hesitation Still A Concern

*RES 4: 131.520 Low Jan 10 now resistance 

*RES 3: 131.450 High Jan 23 

*RES 2: 131.380 High Mar 5 

*RES 1: 131.280 Hourly resistance Mar 5

*PREVIOUS CLOSE: 131.160

*SUP 1: 131.090 Hourly support Mar 1

*SUP 2: 130.990 Hourly resistance Feb 28 now support

*SUP 3: 130.820 Low Feb 28

*SUP 4: 130.709 21-DMA

*COMMENTARY: The lack of topside follow through is a concern for bulls with

minor momentum divergence note and daily studies at O/B levels. Bears now look

for a close below 131.090 to gain breathing room and below the 21-DMA to shift

initial focus back to 130.610. Bulls now need a close above 131.520 to shift

initial focus to 131.665-980. The Bollinger top (131.261) continues to limit

follow through.