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(M18) Focus Shifts To 130.380-550 *RES...>

BOBL TECHS
BOBL TECHS: (M18) Focus Shifts To 130.380-550
*RES 4: 131.181 100-WMA 
*RES 3: 131.049 21-DMA 
*RES 2: 130.980 Hourly support Apr 19 now resistance 
*RES 1: 130.900 Low Apr 10 now resistance
*PREVIOUS CLOSE: 130.790
*SUP 1: 130.713 Bollinger band base
*SUP 2: 130.700 Low Apr 19
*SUP 3: 130.550 Daily Bull channel base off Feb Low
*SUP 4: 130.446 55-DMA
*COMMENTARY: Sideways trading came to an end with a sharp sell-off Thursday that
sees bears now focused on 130.380-550 where the bull channel base off Feb lows
and 55-DMA are noted. Below 130.380 hints at a move back top 129.84 with below
130.210 to confirm. Bulls now need a close above 130.900 to gain breathing room
and above the 21-DMA to return focus to 131.181-310. The Bollinger base is the
key concern for bears.

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