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(H18) Bulls Need Close Above 150.40 ......>

JGB TECHS
JGB TECHS: (H18) Bulls Need Close Above 150.40 
*RES 4: 150.77 - 55-DMA
*RES 3: 150.63 - 200-DMA
*RES 2: 150.56 - High Jan 15
*RES 1: 150.40 - High Jan 19
*PRICE: 150.39 @ 2030GMT
*SUP 1: 150.23 - Bollinger band base 
*SUP 2: 150.19 - Low Oct 23 
*SUP 3: 150.08 - Monthly Low Oct 3 
*SUP 4: 150.06 - Low July 20
*COMMENTARY: The lack of follow through on Friday's 3mth lows is less than ideal
for bears as daily studies look to correct from modestly O/S levels. Initial
resistance is now noted at 150.40 with bulls needing a close above 150.40 now to
gain breathing room. Overall a close above the 200-DMA is needed to end bearish
hopes and shift initial focus to 150.75-84 where 55 & 100-DMAs are noted.

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