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Bears Need Close Below Php53.147...>

DOLLAR-PHP TECHS
DOLLAR-PHP TECHS: Bears Need Close Below Php53.147
*RES 4: Php54.325 - High Dec 2 2005 
*RES 3: Php53.990 - 2006 High June 16 
*RES 2: Php53.620 - High June 29 2006 
*RES 1: Php53.513 - 2018 High June 18
*PRICE: Php53.440 @ 2300GMT
*SUP 1: Php53.147 - High June 12 now support 
*SUP 2: Php52.945 - Low June 12 
*SUP 3: Php52.773 - High May 30 now support 
*SUP 4: Php52.490 - Low June 8
*COMMENTARY: Recent topside hesitation has stalled fresh 2018 and 12yr highs
despite bulls remaining focused on Php53.620-990 where levels last seen in June
2006 are located. Daily studies at O/B remains an issue. Initial support is
still noted at Php53.147 with bears needing a close below to gain breathing room
and below Php52.773 to shift focus to Php52.056-490.

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