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

BOBL TECHS: (M18) Bears Still Need Close Below 131.060

*RES 4: 131.607 200-WMA 

*RES 3: 131.450 High Jan 23 (Cont) 

*RES 2: 131.310 High Apr 3 

*RES 1: 131.253 100-WMA (Cont)

*PREVIOUS CLOSE: 131.170

*SUP 1: 131.100 Low Mar 28

*SUP 2: 131.060 High Mar 23 now support

*SUP 3: 130.860 Hourly resistance Mar 22 now support

*SUP 4: 130.760 High Mar 19 now support

*COMMENTARY: Fresh 3mth highs lacked follow through above the 100-WMA Tuesday

with M18 looking a little offered and pressure back on 131.060. Bears still need

a close below 131.060 to ease bullish pressure and below the 21-DMA (130.721) to

shift initial focus to 130.210-510 where the 55-DMA (130.288) is located. Bulls

look for a close above 131.310 to confirm a break of the 100-WMA and focus on

131.450-767.