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(M18) Focus On 131.380-455 While.........>

BOBL TECHS: (M18) Focus On 131.380-455 While 132.82 Caps
*RES 4: 133.410 2018 High May 29 
*RES 3: 133.120 High May 30 
*RES 2: 132.820 Hourly resistance May 30 
*RES 1: 132.580 High May 31
*SUP 1: 132.030 Alternating hourly support/resistance
*SUP 2: 131.750 High May 24 now support, Low May 28
*SUP 3: 131.620 High May 23 now support
*SUP 4: 131.455 21-DMA
*COMMENTARY: The contract continues to give back gains as correcting O/B studies
are adding weight to the case for a deeper sell-off. The break of 132.180 lacked
follow through but the contract remains heavy with bears now initially focused
on 131.380-455 where the 21-DMA is located. Bulls now need a close above 132.820
to gain breathing room and above 133.12 to reconfirm focus on 133.480-810.

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