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(U18) Above 131.340 To Gain Breathing....>

BOBL TECHS
BOBL TECHS: (U18) Above 131.340 To Gain Breathing Room
*RES 4: 131.630 High June 8 
*RES 3: 131.340 High June 11 
*RES 2: 131.264 21-DMA 
*RES 1: 131.190 High June 13
*PREVIOUS CLOSE: 131.070
*SUP 1: 130.900 Low June 12
*SUP 2: 130.810 Low May 24
*SUP 3: 130.736 55-DMA
*SUP 4: 130.590 Low May 22
*COMMENTARY: Bears focus on the 130.590-900 support region where the 55-DMA is
located. Bears then look for a close below 130.590 to initially pressure the
100-DMA (130.338) with overall focus on 129.980 Apr lows. Bulls need a close
above 131.340 to gain breathing room and above 132.120 to return focus to
132.660-970 where 2018 highs are noted. Daily studies approaching O/S is a
concern for bears.

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