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(M0) Outlook Remains Bearish *RES 4:.....>

BOBL TECHS
BOBL TECHS: (M0) Outlook Remains Bearish
*RES 4: 135.480 High May 19
*RES 3: 135.500 High May 22 and key near-term resistance
*RES 2: 135.390 High May 26
*RES 1: 135.170 High May 27
*PRICE: 135.070 @ 04:51 BST May 29
*SUP 1: 134.790 Low May 27
*SUP 2: 134.770 Low Apr 23 and key support
*SUP 3: 134.471 61.8% retracement of the Mar 19 - May 4 rally
*SUP 4: 134.380 Low Apr 9
Bobl futures traded lower this week confirming a resumption of the downtrend
that has been in place since peaking at 136.30 on Apr 5. The move lower
Wednesday maintains the bearish price sequence of lower lows and lower highs
reinforcing current bearish signals. This has opened 134.770 next, Apr 23 low.
Key short-term resistance has been defined at 135.500, May 22 high. Initial
resistance is at 135.170, May 27 high.

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