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(M18) 200-WMA Capping For Now *RES 4:....>

BOBL TECHS
BOBL TECHS: (M18) 200-WMA Capping For Now
*RES 4: 131.820 2018 High Jan 8 (Cont) 
*RES 3: 131.453 200-WMA 
*RES 2: 131.450 High Jan 23 (Cont) 
*RES 1: 131.430 High May 21
*PREVIOUS CLOSE: 131.350
*SUP 1: 131.250 Hourly support May 21
*SUP 2: 131.150 High May 18 now support
*SUP 3: 131.010 High May 17 now support
*SUP 4: 130.750 Low May 17
*COMMENTARY: The recovery that began last week with support emerging ahead of
the 100-DMA (130.583) now sees pressure on the 200-WMA with the 2018 high noted
above. Bulls need a close above the 200-WMA to add support to the case for a
test of 131.820. Daily studies have room to move with the Bollinger top
(131.346) the key concern. Bears now need a close below 131.250 to gain
breathing room and increase correction risk.

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