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(U0) Correcting Lower *RES 4: 135.340....>

BOBL TECHS
BOBL TECHS: (U0) Correcting Lower
*RES 4: 135.340 High May 18
*RES 3: 135.150 50.0% retracement of the May 4 - Jun 10 decline (cont)
*RES 2: 134.930 High May 22
*RES 1: 134.860 High Jun 15
*PRICE: 134.490 @ 04:58 BST Jun 16
*SUP 1: 134.210 Low Jun 11 and key near-term support
*SUP 2: 134.000 Low Jun 10
*SUP 3: 133.790 Low Jun 5 & 1.50 projection of May 18-19 swing from May 22 high
*SUP 4: 133.700 1.618 projection of May 18-19 swing from May 22 high
Bobl futures rallied yesterday however price stalled at the day high and the
contract has since pulled back. The move lower is considered a correction with a
bullish theme intact. Last week's gains signal an end to the recent downtrend,
and suggests scope for a stronger recovery. The focus is on resistance at
134.930, May 22 high where a break would reinforce a developing bullish theme
and open 135.340, May 18 high. Firm support is at 134.210, Thursday's low.

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