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(H18) Bulls Need Close Above 131.520.....>

BOBL TECHS
BOBL TECHS: (H18) Bulls Need Close Above 131.520
*RES 4: 131.388 21-DMA 
*RES 3: 131.380 Hourly resistance Jan 23 
*RES 2: 131.290 High Jan 24 
*RES 1: 131.050 Low Jan 18 now resistance
*PREVIOUS CLOSE: 130.940
*SUP 1: 130.860 Hourly support Jan 25
*SUP 2: 130.750 2018 Low Jan 25
*SUP 3: 130.390 Monthly Low Nov 14 2016
*SUP 4: 130.380 2016 Low Mar 10
*COMMENTARY: Fresh 2018 lows have lacked a little follow through with the
Bollinger base noted at 130.888. Layers of resistance accumulating add weight to
the bearish case with bears now focused on 130.380-390 where 2016 lows are
situated. Bulls now need a close above 131.050 to gain breathing room and above
31.520 to confirm a break of the 21-DMA and pressure 131.720-880.

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