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(H18) Bulls Need Close Above 130.630.....>

BOBL TECHS
BOBL TECHS: (H18) Bulls Need Close Above 130.630
*RES 4: 131.050 Low Jan 18 now resistance 
*RES 3: 130.950 High Jan 26 
*RES 2: 130.770 Hourly resistance Jan 26 
*RES 1: 130.630 Low Jan 26 now resistance
*PREVIOUS CLOSE: 130.410
*SUP 1: 130.260 2018 Low Feb 2
*SUP 2: 130.167 Daily Bear channel base
*SUP 3: 129.460 High Dec 7 2015 now support
*SUP 4: 128.820 Monthly Low Dec 4 2015
*COMMENTARY: Fresh 2018 & 2+yr lows following repeated topside failures at
130.630 leave the contract looking heavy and bears remaining focused on
128.82-129.46 last seen in Dec 2015. Initial resistance remains at 130.630 with
bulls needing a close above to ease bearish pressure and above the 21-DMA
(131.059) to confirm a break of the bear channel top (131.018) targeting a
correction back to 131.450-520.

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