(U0) Still Looking For A Break Higher....>

BOBL TECHS: (U0) Still Looking For A Break Higher

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

*RES 3: 135.080 High Jun 29

*RES 2: 134.990 High Jul 10

*RES 1: 134.900 High Jul 13

*PRICE: 134.750 @ 04:40 BST Jul 14

*SUP 1: 134.560 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 traded sharply lower yesterday. Recent price action has defined two

important directional triggers at 134.990, Jul 10 high and 134.56, 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. A break of 134.56 would concern bulls. This would also expose

another key support at 134.510, Jul 2 low.