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(M18) 130.510 Support Remains Key *RES...>

BOBL TECHS
BOBL TECHS: (M18) 130.510 Support Remains Key
*RES 4: 131.040 Low May 11 now resistance 
*RES 3: 130.945 21-DMA 
*RES 2: 130.940 Hourly resistance May 14 
*RES 1: 130.804 55-DMA
*PREVIOUS CLOSE: 130.720
*SUP 1: 130.584 100-DMA
*SUP 2: 130.569 Bollinger band base
*SUP 3: 130.550 Low Apr 25
*SUP 4: 130.510 Low Mar 19
*COMMENTARY: Topside hesitation ahead of 131.310 Apr highs has taken its toll
with a sell-off close below the 55-DMA. Bears continue to look for a close below
130.510 to confirm a break of the 100-DMA to shift initial focus to 129.84 Mar
lows. Daily studies are well placed for a fresh leg lower. Bulls now need a
close above 130.940 to gain breathing room and above 131.310 to target
131.487-997.

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