TECHS: (H0) Arrives At An Important Support....>

BTPS: TECHS: (H0) Arrives At An Important Support

*RES 4: 149.00 Round number resistance

*RES 3: 148.97 High Feb 13 and near-term bull trigger

*RES 2: 148.53 High Feb 18

*RES 1: 147.91 High Feb 24

*PRICE: 146.53 @ Close Feb 27

*SUP 1: 145.89 Low Feb 27 and just below the 50-day EMA

*SUP 2: 145.55 Low Jan 27 and gap low on the daily chart

*SUP 3: 144.71 High Jan 24 and gap high on the daily chart

*SUP 4: 144.45 High Dec 18

BTPS futures sold off again yesterday and appear likely to remain under pressure

for now as a corrective tone takes hold. Note though that price has arrived at a

key area of support highlighted by the 50-day EMA that currently intersects at

146.06. This also lies ahead of an important support at 145.55. For bulls to

regain control though, a move minimally above 147.91, Feb 24 high is required.

Until then, support levels are likely to come under further pressure.