(M1) Still Looking For Weakness

• RES 4: 151.33 1.618 proj of the Feb 26 - Mar 3 - Mar 5 price swing
• RES 3: 151.05 1.50 proj of the Feb 26 - Mar 3 - Mar 5 price swing
• RES 2: 150.69 76.4% retracement of the Feb 12 - 26 sell-off
• RES 1: 150.01/39 High Mar 16 / High Mar 11
• PRICE: 149.34 @ Close Mar 22
• SUP 1: 148.36 Low Mar 18
• SUP 2: 148.20 61.8% 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

Last week's sell-off in BTP futures appears to be an early indication the recent correction between Feb 26 - Mar 11 has run its course. Resistance has been defined at 150.39, Mar 11 high and note that the pivotal 150.69 level also remains intact, 76.4% of the Feb 12 - 26 sell-off. Continued weakness would open 147.56, the Mar 5 low. For bulls, a break of 150.39 is required to reinstate a bullish focus.