(M18) Below 130.760 Focuses On...........>

BOBL TECHS: (M18) Below 130.760 Focuses On 130.379-510

*RES 4: 131.450 High Jan 23 (Cont) 

*RES 3: 131.310 High Apr 3 

*RES 2: 131.240 High Apr 6 

*RES 1: 131.203 100-WMA (Cont)

*PREVIOUS CLOSE: 131.070

*SUP 1: 130.900 Low Apr 10

*SUP 2: 130.807 55-WMA

*SUP 3: 130.800 100-DMA

*SUP 4: 130.760 High Mar 19 now support

*COMMENTARY: Bears failed to capitalise on the dip below the 21-DMA (131.008)

with layers of support 130.760-807 where the 100-DMA and 55-WMA are noted. bears

need a close below 130.760 to shift initial focus back to 130.3792-510 where the

55-DMA and bull channel base off Feb lows are found. Bulls continue to look for

a close above 131.310 to kick start bullish momentum and initially focus on

131.450-597 where the bull channel top is situated.