(U0) Consolidating *RES 4: 135.150.......>

BOBL TECHS: (U0) Consolidating

*RES 4: 135.150 50.0% retracement of the May 4 - Jun 10 decline (cont)

*RES 3: 135.080 High Jun 29

*RES 2: 134.990 High Jul 10

*RES 1: 134.900 High Jul 13

*PRICE: 134.740 @ 04:53 BST Jul 16

*SUP 1: 134.560 Low Jul 13

*SUP 2: 134.510 Low Jul 2 and key support

*SUP 3: 134.435 50.0% retracement of the rally between Jun 5 - 29

*SUP 4: 134.410 Low Jun 17

Bobl futures are consolidating. The contract traded sharply lower Monday. Recent

price action has defined two important directional triggers at 134.990, Jul 10

high and 134.56, Jul 13 low. While the outlook remains bullish, a breach of

134.990 is required to reinforce this theme and would expose a more important

resistance for bulls at 135.080, Jun 29 high. A break of 134.56 would concern

bulls though and also expose another key support at 134.510, Jul 2 low.