(U18) 100-DMA Next Line Of Defense ......>

BOBL TECHS: (U18) 100-DMA Next Line Of Defense 

*RES 4: 132.000 High July 25 

*RES 3: 131.910 High July 30 

*RES 2: 131.620 High July 31 

*RES 1: 131.580 High August 1 

*PREVIOUS CLOSE: 131.450 

*SUP 1: 131.360 Low August 1 

*SUP 2: 131.110 100-DMA 

*SUP 3: 130.780 Low June 14 

*SUP 4: 130.590 Low May 22 

The 100-DMA is the next line of defense for the bulls as the selloff continues

to gather pace and the mid-June lows come into sight. A break of yesterday's low

of 131.360 would likely accelerate selling pressure. Bulls need to reclaim

131.620 to improve the short-term picture, and break above 132.000 to

re-establish the bullish trend.