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(M18) 130.760 Support Remains Key *RES...>

BOBL TECHS
BOBL TECHS: (M18) 130.760 Support Remains Key
*RES 4: 131.450 High Jan 23 (Cont) 
*RES 3: 131.300 Daily Bull channel top 
*RES 2: 131.210 High Mar 5 (Cont) 
*RES 1: 131.060 High Mar 23
*PREVIOUS CLOSE: 131.020
*SUP 1: 130.860 Hourly resistance Mar 22 now support
*SUP 2: 130.760 High Mar 19 now support
*SUP 3: 130.510 Low Mar 19
*SUP 4: 130.461 21-DMA
*COMMENTARY: Topside hesitation came to an end with a rally and pops above the
100-DMA (130.952) continuing. Layers of support accumulating adds to bullish
confidence with focus having shifted to 131.210-450. Daily studies approaching
O/B is less than ideal. In saying that, bears need a close below 130.760 to ease
bullish pressure and shift initial focus back to 130.380-510 where 21 & 55-DMAs
are located.

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