(M18) Bulls Focused On 131.820-132.24....>

BOBL TECHS: (M18) Bulls Focused On 131.820-132.24

*RES 4: 132.240 Lows Dec 14 & 18 (Cont) 

*RES 3: 131.980 High Dec 20 (Cont) 

*RES 2: 131.820 2018 High Jan 8 (Cont) 

*RES 1: 131.750 High May 24

*PREVIOUS CLOSE: 131.710

*SUP 1: 131.620 High May 23 now support

*SUP 2: 131.380 Low May 24

*SUP 3: 131.310 Hourly resistance May 22 now support

*SUP 4: 131.080 Low May 22

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

the 100-DMA (130.599) has resulted in the first closes above the 200-WMA since

Dec 2017. Bulls focus their attention on the 131.820-132.240 region where levels

last seen in Dec are located. Daily studies have room to move before O/B is an

issue. Bears now need a close below 131.620 to gain breathing room and below

131.310 to hint at a correction back to 131.010-080.