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(U18) Bulls Need Close Above 123.12......>

BOBL TECHS
BOBL TECHS: (U18) Bulls Need Close Above 123.12
*RES 4: 132.660 High May 30 
*RES 3: 132.370 Hourly resistance May 30 
*RES 2: 132.120 High May 31 
*RES 1: 131.860 High June 5
*PREVIOUS CLOSE: 131.700
*SUP 1: 131.430 Low June 4
*SUP 2: 131.230 Low May 28
*SUP 3: 131.043 21-DMA
*SUP 4: 130.810 Low May 24
*COMMENTARY: The contract has given back gains as correcting O/B studies add
weight to the case for a deeper sell-off. Immediate bearish focus is now on the
131.430 support with a close below needed to pressure 21 & 55-DMAs. Resistance
layers are following U18 lower adding weight to the bearish case. Bulls still
need a close above 132.120 to gain breathing
room and return focus to 132.660-970 where 2018 highs are noted.

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