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(Z17) 131.47-70 Support Region Now Key...>

BOBL TECHS: (Z17) 131.47-70 Support Region Now Key
*RES 4: 132.03 100-WMA 
*RES 3: 131.98 Monthly High Sept 8 
*RES 2: 131.91 55-WMA 
*RES 1: 131.85 High Oct 27
*SUP 1: 131.70 Hourly res Oct 27 now support, Low Oct 30
*SUP 2: 131.57 Hourly support Oct 27
*SUP 3: 131.47 High Oct 23 now support
*SUP 4: 131.29 Hourly resistance Oct 24 now support
*COMMENTARY: Gains continued Friday with the close above the bear channel top
confirming focus on the 131.91-132.03 resistance region where 55 & 100-WMAs are
located. Bulls still need a close above the 100-WMA to initially focus on tests
of the 200-WMA (132.26). Support layers are building bullish confidence with
bears now needing a close below 131.70 to ease bullish pressure and below 131.47
to shift focus back to 131.09.

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