(Z17) Correcting Back to 21 & 55-DMAs....>

BOBL TECHS: (Z17) Correcting Back to 21 & 55-DMAs

*RES 4: 131.98 Monthly High Sept 8 

*RES 3: 131.83 High Sept 11 

*RES 2: 131.76 High Oct 17 

*RES 1: 131.63 Hourly support Oct 18 now resistance

*PREVIOUS CLOSE: 131.49

*SUP 1: 131.44 Hourly support Oct 13

*SUP 2: 131.37 Hourly resistance Oct 13 now support

*SUP 3: 131.32 55-DMA

*SUP 4: 131.25 Hourly support Oct 12

*COMMENTARY: The lack of topside follow through Tuesday resulted in a sell-off

that eased immediate bullish pressure and hints at a correction initially

targeting 21 & 55-DMAs. Below the 55-DMA shifts immediate focus to 130.90-131.13

with the 100-DMA at 131.06. Bulls now need a close above 131.63 to gain

breathing room and above 131.83 to confirm immediate focus on 131.98 Sept highs

and the 132.065-112 region where 55 & 100-WMAs are noted.