(M18) Bears Need Close Below 131.06......>

BOBL TECHS: (M18) Bears Need Close Below 131.06

*RES 4: 131.533 Daily Bull channel top 

*RES 3: 131.450 High Jan 23 (Cont) 

*RES 2: 131.300 High Mar 28 

*RES 1: 131.282 100-WMA (Cont)

*PREVIOUS CLOSE: 131.130

*SUP 1: 131.060 High Mar 23 now support

*SUP 2: 130.860 Hourly resistance Mar 22 now support

*SUP 3: 130.760 High Mar 19 now support

*SUP 4: 130.510 Low Mar 19

*COMMENTARY: Bulls have gained traction above the 100-DMA (130.916) and managed

to make a pop above the 100-WMA but follow through is lacking. A close above the

100-WMA was last seen in Dec 2017. Bulls look for a close above the 100-WMA to

pressure 131.450-533. Bears need a close below 131.060 to ease bullish pressure

and below 130.760 to shift initial focus back to 130.210-510 where the 55-DMA is

located.