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(U17) Bulls Need Close Above 132.79......>

BOBL TECHS
BOBL TECHS: (U17) Bulls Need Close Above 132.79
*RES 4: 133.26 Monthly High June 12 
*RES 3: 132.95 High June 21, Falling daily TL 
*RES 2: 132.87 High Aug 11, Bollinger band top 
*RES 1: 132.79 Hourly resistance Aug 14
*PREVIOUS CLOSE: 132.72
*SUP 1: 132.66 Low Aug 11
*SUP 2: 132.60 Hourly support Aug 10
*SUP 3: 132.50 Hourly support Aug 9
*SUP 4: 132.46 High Aug 8 now support
*COMMENTARY: Topside hesitation is a concern given daily studies looking to
correct from O/B and the proximity of the Bollinger top (132.87). Initial
resistance is noted at 132.79 with bulls needing a close above to maintain focus
on 132.87-95. The close below 132.73 bought bears breathing room and hints at a
deeper correction initially targeting 132.35-50 where the 55-DMA is located.
Overall bears need a close below the 55-DMA to shift focus back to 132.01-23.

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