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

BOBL TECHS: (M18) 200-WMA Capping For Now

*RES 4: 131.820 2018 High Jan 8 (Cont) 

*RES 3: 131.450 High Jan 23 (Cont) 

*RES 2: 131.447 200-WMA 

*RES 1: 131.430 High May 21

*PREVIOUS CLOSE: 131.260

*SUP 1: 131.080 Low May 22

*SUP 2: 131.010 High May 17 now support

*SUP 3: 130.750 Low May 17

*SUP 4: 130.640 Low May 15

*COMMENTARY: The recovery that began last week with support emerging ahead of

the 100-DMA (130.585) 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

(131.376) the key concern. Bears continue to look for a close below 131.010 to

shift focus back to 130.51-64 where the 100-DMA is noted.