(Z17) Bulls Need Close Above 21-DMA......>

BOBL TECHS: (Z17) Bulls Need Close Above 21-DMA

*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: 131.770 21-DMA

*PREVIOUS CLOSE: 131.760

*SUP 1: 131.700 Hourly support Nov 27

*SUP 2: 131.520 Low Nov 22

*SUP 3: 131.497 55-DMA

*SUP 4: 131.470 High Oct 23 now support

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

in pressure returning to the 21-DMA. Bulls need a close above the 21-DMA to

return focus to 131.850-880 and above 131.880 to reconfirm immediate focus on

retests of 132.060. Bears still need a close below 131.470 to confirm a break of

the 55-DMA and shift initial focus to 131.090-290 where the 100-DMA (131.241) is

noted.