(U18) Pressure Returns To 131.770 *RES...>

BOBL TECHS: (U18) Pressure Returns To 131.770

*RES 4: 132.330 High July 2 

*RES 3: 132.290 High July 20 

*RES 2: 132.040 High July 23 

*RES 1: 131.920 Hourly support July 23 now resistance

*PREVIOUS CLOSE: 131.820

*SUP 1: 131.770 High June 18 now support, Low June 29

*SUP 2: 131.575 55-DMA

*SUP 3: 131.500 Low June 15

*SUP 4: 131.191 High June 13 now support

*COMMENTARY: Bears have not been disappointed with narrowing Bollinger bands

hinting at a breakout. The topside failure Friday resulted in a marginal break

of 132.000 and sees immediate pressure on 131.770 with a close below easing

bullish pressure. Bears need a close below 131.490 to confirm a break of the

55-DMA and shift overall focus back to 129.98 Apr lows. Bulls need a close above

132.050 to gain breathing room.