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(M18) Bears Need Close Below 130.780.....>

BOBL TECHS
BOBL TECHS: (M18) Bears Need Close Below 130.780
*RES 4: 131.380 Bollinger band top 
*RES 3: 131.310 High Apr 3 
*RES 2: 131.240 High Apr 6 
*RES 1: 131.111 100-WMA
*PREVIOUS CLOSE: 130.980
*SUP 1: 130.900 Low May 2
*SUP 2: 130.780 Hourly resistance Apr 26 now support
*SUP 3: 130.688 100-DMA
*SUP 4: 130.605 55-DMA
*COMMENTARY: The recovery from dips back towards the 55-DMA sees M18 flirting
with the 21-DMA (130.982) and immediate focus returning to layers of resistance
131.111-310. Bulls now need a close above 131.310 to confirm focus on the bull
channel top (131.864). 130.900 is now initial support but bears look for a close
below 130.780 to ease bullish pressure and below 130.510 to shift initial focus
to 130.210 and overall focus to 129.840.

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