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(M18) Bulls Need Close Above 131.310.....>

BOBL TECHS
BOBL TECHS: (M18) Bulls Need Close Above 131.310
*RES 4: 131.349 Bollinger band top 
*RES 3: 131.310 High Apr 3 
*RES 2: 131.250 High May 3 
*RES 1: 131.180 High May 11
*PREVIOUS CLOSE: 131.070
*SUP 1: 130.950 Low May 9
*SUP 2: 130.880 Low May 3
*SUP 3: 130.834 Daily Bull channel base off Feb low
*SUP 4: 130.780 Hourly resistance Apr 26 now support
*COMMENTARY: Topside hesitation ahead of 131.310 Apr highs is less than ideal
for bulls with daily studies at modestly O/B levels. Bears still need a close
below 130.880 to shift focus to layers of support 130.510-834 where the bull
channel base, 55 & 100-DMAs are noted. Bulls continue to look for a close above
131.310 to target the 131.493-997 region where the 200-WMA and bull channel top
are located.

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