(Z17) Bulls Focused On 131.83-98 *RES....>

BOBL TECHS: (Z17) Bulls Focused On 131.83-98

*RES 4: 131.98 Monthly High Sept 8 

*RES 3: 131.83 High Sept 11 

*RES 2: 131.60 High Sept 14 

*RES 1: 131.74 Low Sept 11 now resistance

*PREVIOUS CLOSE: 131.67

*SUP 1: 131.57 High Oct 13 now support

*SUP 2: 131.49 Low Oct 16

*SUP 3: 131.37 Hourly resistance Oct 13 now support

*SUP 4: 131.25 Hourly support Oct 12

*COMMENTARY: Narrowed Bollinger bands suggested a breakout last week and bulls

have not been disappointed with the close above 131.64 shifting bullish focus to

131.83-98. Above 131.98 is now needed to target WMAs 132.092-132.358. Layers of

support accumulating adds to bullish confidence. Bears now look for a close

below 131.49 to ease bullish pressure and below 131.3 to shift focus back to

131.13.