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(U0) Positive Tone Maintained *RES 4:....>

BOBL TECHS
BOBL TECHS: (U0) Positive Tone Maintained
*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: 134.800 Intraday high
*PRICE: 134.760 @ 05:10 BST Jun 15
*SUP 1: 134.470 Low Jun 12
*SUP 2: 134.210 Low Jun 11 and key near-term support
*SUP 3: 134.000 Low Jun 10
*SUP 4: 133.790 Low Jun 5 & 1.50 projection of May 18-19 swing from May 22 high
Bobl futures rallied again Friday. 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 set the scene for a climb towards 135.340, May 18 high. This
latter level also represents a key resistance. Firm support is at 134.210,
Thursday's low  A break would reinstate a bearish risk and open 133.790.

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