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(U9) 134.080 key support probed *RES.....>

BOBL TECHS
BOBL TECHS: (U9) 134.080 key support probed
*RES 4: 134.737 Trendline support now resistance drawn off the May 3 low
*RES 3: 134.430 High Jul 10
*RES 2: 134.380 High Jul 11
*RES 1: 134.240 High Jul 12
*PRICE: 134.130 @ 03:12 GMT July 15
*SUP 1: 134.080/050 Low Jun 18 and key support / Low Jul 12
*SUP 2: 133.963 50-day EMA
*SUP 3: 133.900 Low Jun 7
*SUP 4: 133.680 Low Jun 6
U9 Bobl is heavy. With trendline support drawn off the May 3 low breached last
week and momentum studies in a bear mode, bearish pressure is likely to dominate
near-term. A key support at 134.08 was probed on Friday however a clear break is
still required. This is the low of Jun 18 and the base of a strong candle
formation known as a standard line. It represents a key support and a break
would open 133.963 next, the 50-day EMA. Resistance is at 134.38.

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