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(U18) Bears Focused On 21 & 55-DMAs......>

BOBL TECHS
BOBL TECHS: (U18) Bears Focused On 21 & 55-DMAs
*RES 4: 132.660 High May 30 
*RES 3: 132.370 Hourly resistance May 30 
*RES 2: 132.120 High May 31 
*RES 1: 131.840 High June 1
*PREVIOUS CLOSE: 131.47
*SUP 1: 131.230 Low May 28
*SUP 2: 130.987 21-DMA
*SUP 3: 130.810 Low May 24
*SUP 4: 130.593 55-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. Immediate bearish focus is
currently on the 131.230 support with a close below needed to pressure 21 &
55-DMAs. Resistance layers are following U18 lower adding weight to the bearish
case. Bulls now need a close above 132.12 to gain breathing room and return
focus to 132.660-970 where 2018 highs are noted.

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