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(H18) Channel Top & 21-DMA Confirm.......>

BOBL TECHS
BOBL TECHS: (H18) Channel Top & 21-DMA Confirm Significance
*RES 4: 131.290 High Jan 24 
*RES 3: 131.050 Low Jan 18 now resistance 
*RES 2: 130.925 Daily bear channel top 
*RES 1: 130.870 Hourly resistance Feb 6
*PREVIOUS CLOSE: 130.600
*SUP 1: 130.480 Hourly support Feb 5
*SUP 2: 130.260 2018 Low Feb 2
*SUP 3: 130.074 Daily bear channel base
*SUP 4: 129.460 High Dec 7 2015 now support
*COMMENTARY: The 21-DMA and bear channel top confirmed significance having
capped the aggressive bounce from 2018 lows with the contract again looking
heavy and initial focus returned to 2018 lows. O/S daily studies and the
Bollinger base (130.182) remain concerns for bears. Bulls continue to look for a
close above 131.050 to ease bearish pressure and shift focus to 131.450-520.

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