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(Z17) Bears Need Close Below 131.47......>

BOBL TECHS
BOBL TECHS: (Z17) Bears Need Close Below 131.47
*RES 4: 132.05 100-WMA 
*RES 3: 131.98 Monthly High Sept 8 
*RES 2: 131.93 55-WMA 
*RES 1: 131.85 High Oct 27
*PREVIOUS CLOSE: 131.76
*SUP 1: 131.70 Hourly resistance Oct 27 now support
*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 131.93-132.05 resistance region where 55 & 100-WMAs are
located. Bulls now need a close above the 100-WMA to initially focus on tests of
the 200-WMA (132.27). Resistance layers are building bullish confidence with
bears now needing a close below 131.47 to ease bullish pressure and shift focus
back to 131.09.

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