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(H18) Topside Hesitation A Concern.......>

BOBL TECHS
BOBL TECHS: (H18) Topside Hesitation A Concern
*RES 4: 131.450 High Jan 23 
*RES 3: 131.290 High Jan 24 
*RES 2: 131.230 55-DMA 
*RES 1: 131.120 Low Jan 24 now resistance
*PREVIOUS CLOSE: 130.930
*SUP 1: 130.710 Low Feb 23
*SUP 2: 130.610 Lows Feb 21 & 22, 21-DMA
*SUP 3: 130.480 Low Feb 20
*SUP 4: 130.340 Low Feb 15
*COMMENTARY: The break of 131.050 lacked follow through Monday with bulls now
needing a close above 131.290 to confirm a break of the 55-DMA and shift initial
focus to 131.450-520. The Bollinger top (131.000) is the key concern and
currently limits follow through. Bears now look for a close below 130.710 to
ease bullish pressure. Below the 21-DMA is needed to return initial focus to
130.160 2018 lows.

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