(M18) Remains Supported Ahead Of.........>

BOBL TECHS: (M18) Remains Supported Ahead Of 55-DMA

*RES 4: 131.022 21-DMA 

*RES 3: 130.980 Hourly support Apr 19 now resistance 

*RES 2: 130.900 Low Apr 10 now resistance 

*RES 1: 130.760 High Apr 24

*PREVIOUS CLOSE: 130.620

*SUP 1: 130.550 Low Apr 25

*SUP 2: 130.519 55-DMA

*SUP 3: 130.380 Low Mar 13

*SUP 4: 130.210 Low Mar 9

*COMMENTARY: Bulls take comfort in support emerging ahead of the 55-DMA but look

for a close above 130.760 to confirm an easing of bearish pressure. Bulls then

need a close above 130.900 to hint at a move back to 131.143-310 where the

100-WMA (131.143) & Mar highs are noted. Bears look for a close below the 55-DMA

to shift initial focus to 130.210 and overall focus to 129.840. The Bolli base

(130.637) is the key concern for bears.