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(U0) Holding Above Last Week's Lows......>

BOBL TECHS
BOBL TECHS: (U0) Holding Above Last Week's Lows
*RES 4: 135.228 76.4% projection of the Jun 5 - 15 rally from Jun 17 low
*RES 3: 135.150 50.0% retracement of the May 4 - Jun 10 decline (cont)
*RES 2: 135.080 High Jun 29
*RES 1: 134.910 High Jul 1
*PRICE: 134.750 @ 04:48 BST Jul 6
*SUP 1: 134.510 Low Jul 2 and key near-term support
*SUP 2: 134.435 50.0% retracement of the rally between Jun 5 - 29
*SUP 3: 134.410 Low Jun 17
*SUP 4: 134.283 61.8% retracement of the rally between Jun 5 - 29
Bobl futures sold off sharply Jul 1 resulting in a breach of support at 134.560,
Jun 24 low. Opposing price action late last week saw the contract rally sharply
to erase most of Wednesday's losses. Key support has been defined at 134.510,
Jul 2 low. If bulls are to remain in control, price action needs to hold above
this support. A break of 134.910, Jul 1 high would open 135.080, the Jun 29 high
once again. Sub 134.510 levels reinstates a bearish threat.

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