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(M18) O/B Daily Studies A Concern *RES...>

BOBL TECHS
BOBL TECHS: (M18) O/B Daily Studies A Concern
*RES 4: 131.450 High Jan 23 (Cont) 
*RES 3: 131.378 Daily Bull channel top 
*RES 2: 131.210 High Mar 5 (Cont) 
*RES 1: 131.060 High Mar 23
*PREVIOUS CLOSE: 130.930
*SUP 1: 130.860 Hourly resistance Mar 22 now support
*SUP 2: 130.760 High Mar 19 now support
*SUP 3: 130.510 Low Mar 19
*SUP 4: 130.499 21-DMA
*COMMENTARY: Failure to gain traction above the 100-DMA (130.939) is less than
ideal for bulls when combined with O/B studies and the Bollinger top (131.048)
limiting follow through. In saying that, bulls currently focus on 131.210-450.
Bears continue to look for a close below 130.760 to ease bullish pressure and
shift initial focus back to 130.210-510 where 21 & 55-DMAs are located. Bulls
look for a close above 131.06 to reconfirm bullish momentum.

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