(U0) Still Heading South *RES 4:.........>

BOBL TECHS: (U0) Still Heading South

*RES 4: 134.620 High May 29 and key trend resistance

*RES 3: 134.380 High Jun 3

*RES 2: 134.220 Low May 27 and key intraday resistance.

*RES 1: 134.090 High Jun 5

*PRICE: 133.920 @ 04:50 BST Jun 8

*SUP 1: 133.790 Low Jun 5 & 1.50 projection of May 18-19 swing from May 22 high

*SUP 2: 133.700 1.618 projection of May 18 - 19 sell-off off May 22 high

*SUP 3: 133.600 Bear channel base drawn off the May 18 high

*SUP 4: 133.589 1.764 projection of May 18 - 19 sell-off off May 22 high

Bobl futures traded lower again Friday, ending the week on a soft note. The

break last week of support at 134.600 confirms a resumption of the downtrend

that has been in place since early May. Furthermore, a bearish price sequence of

lower lows and lower highs remains in place, reinforcing current conditions.

Attention is on 133.790 and 133.700, both Fibonacci projections. On the upside,

resistance is seen at 134.220, May 27 low.