(Z17) Below 131.57 To Confirm............>

BOBL TECHS: (Z17) Below 131.57 To Confirm Correction

*RES 4: 132.005 100-WMA 

*RES 3: 131.980 Monthly High Sept 8 

*RES 2: 131.876 55-WMA 

*RES 1: 131.850 High Oct 27

*PREVIOUS CLOSE: 131.720

*SUP 1: 131.680 Low Oct 31

*SUP 2: 131.570 Hourly support Oct 27

*SUP 3: 131.470 High Oct 23 now support

*SUP 4: 131.290 Hourly resistance Oct 24 now support

*COMMENTARY: Hesitation ahead of last week's high remains a concern with the

lack of topside follow through increasing the risk of a correction back to

131.290-470 where 21 (131.450) & 55 (131.417) DMAs are situated. Bears still

need a close below 131.57 to ease bullish pressure and shift focus to 131.29-47.

Bulls continue to look for a close above 131.85 to reconfirm the bullish bias

and maintain focus on 55 & 100-WMAs.