(Z17) Above 131.880 To End Bearish.......>

BOBL TECHS: (Z17) Above 131.880 To End Bearish Hopes

*RES 4: 131.920 Hourly support Nov 7 now resistance 

*RES 3: 131.880 Hourly resistance Nov 9, High Nov 15 

*RES 2: 131.850 High Nov 21 

*RES 1: 131.820 High Nov 28

*PREVIOUS CLOSE: 131.710

*SUP 1: 131.590 Low Nov 27

*SUP 2: 131.520 Low Nov 22

*SUP 3: 131.503 55-DMA

*SUP 4: 131.470 High Oct 23 now support

*COMMENTARY: Dips back towards the 55-DMA have lacked follow through resulting

in a pop above the 21-DMA (131.768). Failure to gain traction on the break is

less than ideal for bulls who need a close above 131.880 to end bearish hopes

and shift focus back to 132.060. While 132.880 caps there is an increased risk

of a dip to 131.503-590 but a close below 131.470 is needed to shift initial

focus to 131.090-290 where the 100-DMA (131.260) is noted.