(H18) Bollinger Base Limiting Follow.....>

BOBL TECHS: (H18) Bollinger Base Limiting Follow Through

*RES 4: 131.820 High Jan 8 

*RES 3: 131.720 High Jan 11 

*RES 2: 131.520 Low Jan 10 now resistance 

*RES 1: 131.340 Hourly resistance Jan 11

*PREVIOUS CLOSE: 131.120

*SUP 1: 131.080 Hourly support Jan 15

*SUP 2: 130.934 Bollinger band base

*SUP 3: 130.920 2017 Low Sept 28, 2018 Low Jan 12

*SUP 4: 130.580 Low Nov 16 2016

*COMMENTARY: Failure to gain topside traction on the break above 131.760 and

hesitation ahead of 131.880 resulted in a sell-off that now sees focus back on

tests off 2017 lows and a break below targeting 130.390-580. The lack of follow

through courtesy of the Bollinger base is less than ideal. Bulls continue to

look for a close above 131.340 to ease bearish pressure and above 131.520 to

pressure 131.720-880.