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(U17) Bears Focused On 132.17-50 *RES....>

BOBL TECHS
BOBL TECHS: (U17) Bears Focused On 132.17-50
*RES 4: 132.95 High June 21 
*RES 3: 132.87 High Aug 11 
*RES 2: 132.79 Hourly resistance Aug 14 
*RES 1: 132.65 Hourly resistance Aug 15
*PREVIOUS CLOSE: 132.62
*SUP 1: 132.50 Hourly support Aug 9
*SUP 2: 132.46 High Aug 8 now support
*SUP 3: 132.45 100-DMA
*SUP 4: 132.34 55-DMA
*COMMENTARY: Topside hesitation now sees pressure back on layers of support
132.17-50 where key DMAs are situated. Bears need a close below 132.17 to end
bullish hopes, initially targeting 131.82 with overall focus shifting to 131.30
July lows. Correcting O/B studies are now weighing. Initial resistance is noted
at 132.65 with bulls needing a close above to gain breathing room. Above 132.79
is needed to return focus to 132.87-95.

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