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(M0) Downside Risk Still Present *RES....>

BOBL TECHS
BOBL TECHS: (M0) Downside Risk Still Present
*RES 4: 136.390 High Mar 16
*RES 3: 136.300 High May 4 and bull trigger
*RES 2: 135.900/990 High May 18 / High May 8
*RES 1: 135.480 High May 19
*PRICE: 135.460 @ 04:52 BST May 22
*SUP 1: 135.120 Low May 19
*SUP 2: 135.010 Low Apr 28
*SUP 3: 134.770 Low Apr 23 and key support
*SUP 4: 134.510 Low Apr 14
Bobl futures sold off earlier this week clearing former support at 135.450, May
12 low and the more important 135.340 level, Apr 30 low. Note too that price has
also breached the 50-day EMA reinforcing this week's bearish developments. A
continued move lower would open 135.010, Apr 28 low and 134.770, Apr 23 low. On
the upside, clearance of the 135.900/990 resistance zone is required to ease the
developing bearish threat.

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