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(M18) Bulls Need Close Above 55-DMA.......>

JGB TECHS
JGB TECHS: (M18) Bulls Need Close Above 55-DMA
*RES 4: 151.06 - High Mar 12
*RES 3: 151.03 - High Apr 12
*RES 2: 150.95 - Low Apr 12 now resistance
*RES 1: 150.84 - 55-DMA
*PRICE: 150.76 @ 2130GMT
*SUP 1: 150.62 - Low May 16 
*SUP 2: 150.53 - Bollinger band base 
*SUP 3: 150.52 - Alternating daily support/resistance 
*SUP 4: 150.39 - Monthly Low Apr 26
*COMMENTARY: Bears have so far failed to gain traction below the 200-DMA
(150.72) with downside follow through lacking. Bulls continue to look for a
close above the 55-DMA to shift focus to layers of resistance Y150.95-151.06.
While the 55-DMA caps bears focus on 150.36-39 but now need a close below 150.62
to add weight to their case. Daily studies are well placed for a fresh leg
lower.

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