(Z17) Hesitating Ahead of 21-DMA *RES....>

BOBL TECHS: (Z17) Hesitating Ahead of 21-DMA

*RES 4: 131.64 Alternating hourly support/resistance 

*RES 3: 131.60 High Sept 14 

*RES 2: 131.49 High Sept 15 

*RES 1: 131.47 21-DMA

*PREVIOUS CLOSE: 131.40

*SUP 1: 131.31 Low Sept 26

*SUP 2: 131.23 Hourly support Sept 25a

*SUP 3: 131.16 High Sept 22 now support

*SUP 4: 131.07 100-DMA

*COMMENTARY: The 55-DMA (131.02) supported last week and provided the impetus

for a rally to start the week that sees immediate pressure on the 21-DMA. Bulls

continue to look for a close above 131.64 to confirm a break of the 21-DMA and

target 131.83-98. Correcting O/S studies add support to the bullish case. Bears

need a close below 131.31 to ease bullish pressure and below 131.16 to shift

focus back to the 55-DMA.