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(U17) 100-DMA Capping, 132.23-30.........>

BOBL TECHS
BOBL TECHS: (U17) 100-DMA Capping, 132.23-30 Support Key
*RES 4: 132.95 High June 21 
*RES 3: 132.85 High June 26 
*RES 2: 132.48 Low June 22 now resistance 
*RES 1: 132.40 100-DMA
*PREVIOUS CLOSE: 132.31
*SUP 1: 132.30 Low Aug 1
*SUP 2: 132.23 Hourly resistance Aug 1 now support
*SUP 3: 132.09 Hourly support July 28
*SUP 4: 132.01 Alternating hourly support/resistance
*COMMENTARY: The 100-DMA is now capping which is less than ideal for bulls given
the Bollinger top (132.36) recently limiting follow through. Bulls look for a
close above 132.48 to confirm a break of the 100-DMA and focus on 132.85-133.01
where the falling daily TL is noted. The 132.23-30 support region is key today.
Bears need a close below 132.23 to ease bullish pressure and below 132.01 to
shift focus back 131.65-82.

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