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TECHS: (H0) Focus Is On The Range Base *RES....>

BTPS
BTPS: TECHS: (H0) Focus Is On The Range Base
*RES 4: 145.05 2.236 projection of Dec 3 - Dec 4 rally from Dec 6 low
*RES 3: 144.68 2.00 projection of Dec 3 - Dec 4 rally from Dec 6 low
*RES 2: 144.45 High Dec 18 and bull trigger
*RES 1: 143.76 High Jan 10
*PRICE: 142.19 @ Close Jan 16
*SUP 1: 142.13 Low Jan 16
*SUP 2: 141.58 Low Jan 2
*SUP 3: 141.54/42 Low Dec 6 / Low Dec 3 and bear trigger
*SUP 4: 141.00 Round number support
H0 BTPS traded lower yesterday. Futures are still trading within the range that
has developed since Nov 26. In terms of agins, a break above last week's high of
143.76 would open 144.00 and 144.45. The latter is the Dec 18 high and range
top. The focus though is on the downside. Key support lies at 141.42, Dec 3 low
and also marks the range base. A break would resume a bearish theme. Initial
support lies at 141.58.

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