(M18) Gaining Traction Above 200-WMA.....>

BOBL TECHS: (M18) Gaining Traction Above 200-WMA

*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: 131.620 High May 23

*PREVIOUS CLOSE: 131.540

*SUP 1: 131.443 200-WMA

*SUP 2: 131.430 High May 21 now support

*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 (130.591) has resulted in the first close above the 200-WMA since

Dec 2017. Bulls now 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 131.430 to gain breathing room and

hint at a correction back to 131.010-080.