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(H18) Bear Channel Top Capping *RES 4:...>

BOBL TECHS
BOBL TECHS: (H18) Bear Channel Top Capping
*RES 4: 130.738 21-DMA 
*RES 3: 130.710 High Feb 9 
*RES 2: 130.646 Daily Bear channel top 
*RES 1: 130.580 Hourly resistance Feb 14
*PREVIOUS CLOSE: 130.460
*SUP 1: 130.360 Low Feb 9
*SUP 2: 130.160 2018 Low Feb 8
*SUP 3: 130.048 Bollinger band base
*SUP 4: 129.794 Daily bear channel base
*COMMENTARY: The 21-DMA and bear channel top continue to confirm significance
having capped again Wednesday. The contract remains offered with bears needing a
close below 130.360 to reconfirm focus on the daily bear channel base although
the Bollinger base may limit follow through. Bulls still need a close above the
21-DMA to ease bearish pressure and above 131.050 to shift focus to 131.450-520.

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