(Z18) Bearish Day Keeps Focus Lower......>

BOBL TECHS: (Z18) Bearish Day Keeps Focus Lower

*RES 4: 131.940 High Aug 17 

*RES 3: 131.670 High Sep 3 

*RES 2: 131.440 High Sep 6 

*RES 1: 131.200 High Sep 12 

*PREVIOUS CLOSE: 130.740 

*SUP 1: 130.560 Low Aug 2 

*SUP 2: 130.330 Low Jun 11 

*SUP 3: 130.080 Low May 15 

*SUP 4: 130.020 Low Apr 25 

Bears solidified their grip on Dec-18 Bobl futures yesterday with the contract

closing on its low to keep the focus firmly on the downside. A break below the

Aug 2 low at 130.560 would suggest a large topping pattern has been triggered,

shifting the medium-term outlook bearish. Bulls need to recover the Sep 12 high

of 131.200 to gain some breathing room and stabilize the near term outlook. A

rally above the Sep 6 high at 131.440 would return the focus to the Sep 3 high.