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(U18) Topside Follow Through Lacking.....>

BOBL TECHS
BOBL TECHS: (U18) Topside Follow Through Lacking
*RES 4: 132.370 Hourly resistance May 30 
*RES 3: 132.120 High May 31 
*RES 2: 131.860 High June 5 
*RES 1: 131.630 High June 8
*PREVIOUS CLOSE: 131.400
*SUP 1: 131.250 Hourly support June 7
*SUP 2: 130.920 Low June 7
*SUP 3: 130.810 Low May 24
*SUP 4: 130.689 55-DMA
*COMMENTARY: Despite dipping below the 21-DMA Thursday bears failed to manage a
close below. The bounce Friday saw a break of 131.430 but topside follow through
remains absent. Bulls continue to look for a close above 132.120 to return focus
to 132.660-970 where 2018 highs are noted. Bears now need a close below 131.250
to reconfirm focus on 130.590-920 where the 55-DMA is located.

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