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Bears Dominate While Php52.241.....>

DOLLAR-PHP TECHS
DOLLAR-PHP TECHS: Bears Dominate While Php52.241 Caps
*RES 4: Php52.560 - Low July 18 2006 now resistance 
*RES 3: Php52.552 - 2018 High Mar 23 
*RES 2: Php52.393 - Bollinger band top 
*RES 1: Php52.241 - High Apr 2
*PRICE: Php51.919 @ 2300GMT
*SUP 1: Php51.765 - Low Apr 11 
*SUP 2: Php51.757 - Bollinger band base 
*SUP 3: Php51.639 - Low Feb 23 
*SUP 4: Php51.400 - Low Feb 9
*COMMENTARY: Hesitation following 2018 & 12 year highs resulted in dips below
the 55-DMA (Php51.929) but follow through has been lacking with daily studies
modestly O/S and the Bollinger base lurking around Php51.757. Bears now focus on
a break of Php51.639 to shift initial focus on Php51.400. Bulls continue to look
for a close above Php52.241 to gain breathing room and above Php52.560 to
confirm focus on Php52.850-933 where July 2006 monthly highs are located.

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