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(H18) Above 21-DMA Needed To Target......>

BOBL TECHS
BOBL TECHS: (H18) Above 21-DMA Needed To Target 131.450-520
*RES 4: 131.450 High Jan 23 
*RES 3: 131.290 High Jan 24 
*RES 2: 131.004 21-DMA 
*RES 1: 130.972 Daily bear channel top
*PREVIOUS CLOSE: 130.860
*SUP 1: 130.770 Hourly resistance Jan 26 now support
*SUP 2: 130.630 Alternating support/resistance
*SUP 3: 130.480 Hourly support Feb 5
*SUP 4: 130.260 2018 Low Feb 2
*COMMENTARY: Despite recently looking heavy O/S daily studies have impacted with
an aggressive rally and bullish close that sees pressure back on the 21-DMA and
bear channel top. Bulls now need a close above the 21-DMA to confirm a shift in
immediate focus to 131.450-520. Support layers accumulating add support to the
bullish case with bears needing a close below 130.630 to ease pressure on key
resistance layers.

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