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(U17) Key Resistance Capping *RES 4:.....>

BOBL TECHS
BOBL TECHS: (U17) Key Resistance Capping
*RES 4: 132.95 High June 21 
*RES 3: 132.87 High Aug 11 
*RES 2: 132.79 Hourly resistance Aug 14 
*RES 1: 132.75 High Aug 15 - 17
*PREVIOUS CLOSE: 132.70
*SUP 1: 132.57 Hourly support Aug 16
*SUP 2: 132.49 Low Aug 16
*SUP 3: 132.46 High Aug 8 now support
*SUP 4: 132.32 55-DMA
*COMMENTARY: Support emerging on dips last week defined although failure ahead
of the 132.87-95 resistance region is less than ideal as daily studies look to
correct from O/B. Bulls need a close above 132.95 to reconfirm a bullish bias
initially targeting 133.26. Layers of support are noted 132.15-57 with bears
needing a close below the 100-DMA to add weight to their case and below the bull
channel base (132.15) to initially target 131.82.

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