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(M0) Remains Vulnerable *RES 4:..........>

BOBL TECHS
BOBL TECHS: (M0) Remains Vulnerable
*RES 4: 136.300 High May 4 and bull trigger
*RES 3: 135.900/990 High May 18 / High May 8
*RES 2: 135.480 High May 19
*RES 1: 135.500 High May 22
*PRICE: 135.370 @ 05:05 BST May 25
*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 early last week clearing former support at 135.450, May 12
low and the more important 135.340 level, Apr 30 low. Note that price also
breached the 50-day EMA reinforcing the week's bearish developments before
retracing part of the move lower. Continued weakness 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 reinstate a bullish tone.

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