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21-DMA Now Capping *RES 4:.........>

*RES 4: Y111.75 55-DMA 
*RES 3: Y111.71 200-DMA 
*RES 2: Y111.23 High Jan 22 
*RES 1: Y110.40 21-DMA
*PRICE: Y110.01 @ 0530GMT
*SUP 1: Y109.90 Hourly resistance Feb 2 now support 
*SUP 2: Y109.23 Hourly support Feb 1 
*SUP 3: Y108.87 Hourly support Jan 31 
*SUP 4: Y108.40 Low Jan 30
*COMMENTARY: Bulls take comfort in hesitation ahead of recent 2018 lows with
follow through lacking as support emerged on dips. The 21-DMA capped Friday
which is less than ideal with bulls now needing a close above to confirm focus
on Y111.22-112.66 where key DMAs and the bear channel top are situated.
Correcting O/S studies add to bullish confidence. Bears now look for a close
below Y109.23 to return initial focus to Y108.12-40.

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