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BTPS TECHS:(Z18) Potential Bullish Reversal....>

BTPS
BTPS: BTPS TECHS:(Z18) Potential Bullish Reversal
*RES 4: 129.97 High July 19 (Continuation chart) 
*RES 3: 128.02 High July 17 
*RES 2: 127.70 High Sep 18 
*RES 1: 123.59 55-dma 
*PREVIOUS CLOSE: 120.64
*SUP 1: 118.39 Low Oct 9 
*SUP 2: 118.00 Channel bottom (continuation chart) 
*SUP 3: 117.87 Low May 8, 2013 (continuation chart) 
*SUP 4: 113.64 Low Jan 3, 2014 (continuation chart) 
Despite hitting a fresh cycle low yesterday BTP futures recovered their losses
to close up on the day, which has shifted the near-term outlook back to neutral.
To give bulls the upper hand we would need to see the 55-dma at 123.59 give way.
A close below yesterday's low at 118.39 on the other hand would be needed to
extend the downtrend towards the bear channel bottom at 118.00.

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