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(H18) Above 21-DMA To Ease Bearish.......>

BOBL TECHS: (H18) Above 21-DMA To Ease Bearish Pressure
*RES 4: 130.990 High Feb 5 
*RES 3: 130.769 21-DMA 
*RES 2: 130.710 High Feb 9 
*RES 1: 130.692 Daily Bear channel top
*SUP 1: 130.520 Low Feb 13
*SUP 2: 130.360 Low Feb 9
*SUP 3: 130.160 2018 Low Feb 8
*SUP 4: 129.841 Daily bear channel base
*COMMENTARY: The 21-DMA and bear channel top confirmed significance capping the
aggressive bounce last week resulting in fresh 2018 & 2+yr lows Thursday. The
lack of follow through Thursday was a concern but daily studies at more neutral
levels provides bears hope. Bulls still need a close above the 21-DMA to ease
bearish pressure and above 131.050 to shift focus to 131.450-520. Below 130.520
provides bears breathing room.

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