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(M18) Bollinger Band Top Capping *RES....>

BOBL TECHS
BOBL TECHS: (M18) Bollinger Band Top Capping
*RES 4: 131.012 100-DMA 
*RES 3: 130.980 High Jan 11 
*RES 2: 130.836 Daily Bull channel top 
*RES 1: 130.792 Bollinger band top
*PREVIOUS CLOSE: 130.690
*SUP 1: 130.670 Alternating hourly support/resistance
*SUP 2: 130.510 Low Mar 19
*SUP 3: 130.380 Low Mar 13
*SUP 4: 130.210 Low Mar 9
*COMMENTARY: Immediate focus remains on the bull channel top and overall focus
on 130.980-131.012 where the 100-DMA is located. The Bollinger top remains the
key concern and currently limits follow through. In saying that, support
continues to emerge on dips. Bears now look for a close below 130.510 to ease
bullish pressure and below 130.210 to shift focus back to 129.840-130.039 where
the bull channel base off Feb lows is located.

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