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(M1) Clears Support

  • RES 4: 150.39 High Mar 11 and key short-term resistance
  • RES 3: 149.88 High Apr 6
  • RES 2: 149.47 High Apr 8
  • RES 1: 149.27 High Apr 9
  • PRICE: 148.21 @ Close Apr 13
  • SUP 1: 147.94 Low Apr 13
  • SUP 2: 147.68 76.4% retracement of the Feb 26 - Mar 11 rally
  • SUP 3: 147.56 Low Mar 5
  • SUP 4: 146.84 Low Feb 26 and the bear trigger

BTP futures traded lower yesterday and through support at 148.36, Mar 18 low. The break lower reinforces a bearish theme and paves the way for weakness towards support at 147.56, Mar 5 low. Clearance of this level would expose the key support and bear trigger at 146.84, Feb 26 low. On the upside, resistance is seen at 149.27, Apr 9 high ahead of the firmer 149.47 level, Apr 8 high.

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