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(M18) Supported Ahead Of 55-DMA *RES.....>

BOBL TECHS
BOBL TECHS: (M18) Supported Ahead Of 55-DMA
*RES 4: 131.039 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: 130.720
*SUP 1: 130.623 Daily Bull channel base off Feb Low
*SUP 2: 130.502 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 now
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 131.151-310 where the
100-WMA (131.151) & Mar highs are noted. Bears now look for a close below the
55-DMA to shift initial focus to 130.210 and overall focus to 129.840. The Bolli
base (130.691) is the key concern for bears.

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