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(Z17) Bollinger Band Top Capping *RES....>

BOBL TECHS
BOBL TECHS: (Z17) Bollinger Band Top Capping
*RES 4: 131.98 Daily Bull channel top A 
*RES 3: 131.87 High Sept 5 
*RES 2: 131.77 Alternating hourly support/resistance 
*RES 1: 131.62 Hourly support Sept 5 now resistance
*PREVIOUS CLOSE: 131.59
*SUP 1: 131.53 Low Sept 5
*SUP 2: 131.42 Low Sept 1
*SUP 3: 131.36 21-DMA
*SUP 4: 131.27 Low Aug 25
*COMMENTARY: Failure to capitalise on Tuesday's rally resulted in a sell-off and
bearish close that sees pressure back on 131.53-60 where daily bull channel base
B is located. bears look for a close below 161.53 to initially pressure
131.36-42 where the 21-DMA is noted. Layers of resistance are building and
weighing with bulls now needing a close above 131.62 to gain breathing room. The
Bollinger band top (131.84) remains the key concern for bulls.

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