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(H18) Capped Ahead Of 21-DMA & Channel...>

BOBL TECHS
BOBL TECHS: (H18) Capped Ahead Of 21-DMA & Channel Top
*RES 4: 130.990 High Feb 5 
*RES 3: 130.817 21-DMA 
*RES 2: 130.785 Daily Bear channel top 
*RES 1: 130.710 High Feb 9
*PREVIOUS CLOSE: 130.500
*SUP 1: 130.360 Low Feb 9
*SUP 2: 130.160 2018 Low Feb 8
*SUP 3: 129.934 Daily bear channel base
*SUP 4: 129.460 High Dec 7 2015 now support
*COMMENTARY: The 21-DMA and bear channel top confirmed significance capping the
aggressive bounce last Monday resulting in fresh 2018 & 2+yr lows Thursday. The
lack of follow through Thursday is a concern given correcting O/S studies. In
saying that, bulls now 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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