(M3) Bull Cycle Extends

• RES 4: 118.97 Low Nov 30 2022 (cont)
• RES 3: 118.56 High Jan 19 (cont) and a key resistance
• RES 2: 118.18 High Feb 2 (cont)
• RES 1: 117.16 Intraday high
• PRICE: 116.56 @ 08:05 GMT Mar 20
• SUP 1: 114.25/113.02 Low Feb 15 / High Mar 9 and a gap low
• SUP 2: 111.79 Low Mar 9
• SUP 3: 110.79 Low Mar 7
• SUP 4: 110.25 Low Mar 2 and the bear trigger

BTP futures traded higher Friday to extend the reversal from 110.25, the Mar 2 low. The contract has also traded higher today. The short-term outlook remains bullish following recent gains. A continuation higher would open 118.18, the Jan 19 high on the continuation chart and a key resistance. Support to watch lies at 113.02, the Mar 9 high and a gap low on the daily chart. Short-term pullbacks would be considered corrective - for now.