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(M0) Pullback Extends *RES 4: 136.580....>

BOBL TECHS: (M0) Pullback Extends
*RES 4: 136.580 High Mar 13
*RES 3: 136.390 High Mar 16
*RES 2: 136.300 High May 4 and bull trigger
*RES 1: 135.900/990 High May 18 / High May 8
*PRICE: 135.260 @ 05:06 BST May 20
*SUP 1: 135.120 Low May 20
*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 once again yesterday with former support at 135.450, May
12 low and the more important 135.340, Apr 30 low both cleared. 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, a move above the 135.900/990 resistance zone is
required to ease the developing bearish threat.

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