(U0) Still Caught Between The............>

BOBL TECHS: (U0) Still Caught Between The Directional Triggers

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

*RES 3: 135.080 High Jun 29 and the bull trigger

*RES 2: 134.990 High Jul 10

*RES 1: 134.960 High Jul 17

*PRICE: 134.820 @ 05:01 BST Jul 22

*SUP 1: 134.610/560 Low Jul 20 / 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 found support Monday at 134.61. Recent price action has defined two

important directional triggers at 134.990, Jul 10 high and 134.560, 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. On the downside, sub 134.560 would concern bulls though and also

expose another key support at 134.510, Jul 2 low.