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BTPS: (M9) Weak Close Keeps Outlook Neutral
*RES 4: 132.88 May 28, 2018 (continuation chart) 
*RES 3: 132.24 61.8% retracement of 141.19 - 117.77 (continuation chart) 
*RES 2: 130.96/131.12 High May 2/April 12 
*RES 1: 130.31 High May 17 
*PRICE: 129.75 @ Close May 17 
*SUP 1: 128.73 Low May 16 
*SUP 2: 128.35 Low May 15 
*SUP 3: 128.29 Low Mar 13 
*SUP 4: 126.70 Double top target 
BTP futures got off to a strong start on Friday but the weak close keeps the
near term outlook neutral. A break of Friday's high at 130.31 would suggest a
run at the May 2/April 12 highs at 130.96/131.12, above which would open the
61.8% retracement of 141.19 - 117.77. For bears a break below Thursday's low at
128.73 is needed to regain control opening Wednesday's low at 128.35.

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