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(M18) 131.070 Support Remains Key *RES...>

BOBL TECHS
BOBL TECHS: (M18) 131.070 Support Remains Key
*RES 4: 131.511 200-WMA 
*RES 3: 131.450 High Jan 23 (Cont) 
*RES 2: 131.353 Bollinger band top 
*RES 1: 131.310 High Apr 3
*PREVIOUS CLOSE: 131.160
*SUP 1: 131.080 100-WMA
*SUP 2: 131.070 High Apr 30 now support
*SUP 3: 130.880 Low May 3
*SUP 4: 130.780 Hourly resistance Apr 26 now support
*COMMENTARY: Bulls took comfort in the close above the 100-WMA that sees
immediate pressure on the 131.310 Apr high. Bulls look for a close above this
level to target the 131.511-905 region where the 200-WMA and bull channel top
are located. The Bollinger top is likely to limit follow through and is a
concern for bulls. Bears need a close below 131.070 to gain breathing room and
below 130.880 to shift focus to 130.510-683.

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