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TECHS:(H9) Back Below 200-DMA *RES 4:.........>

BTPS
BTPS: TECHS:(H9) Back Below 200-DMA 
*RES 4: 132.88 High May 28 (continuation chart) 
*RES 3: 129.97 High Jul 19 (continuation chart) 
*RES 2: 129.81 High Jan 31 
*RES 1: 128.00 Resistance
*PREVIOUS CLOSE: 126.05 
*SUP 1: 125.30 Low Jan 9 
*SUP 2: 124.41 100-dma (continuation chart)
*SUP 3: 122.61 Low Dec 18 (continuation chart)
*SUP 4: 119.27 Low Nov 20 (continuation chart)
BTPs futures have reversed to the downside this week and the Jan 9 low at 125.30
is now in focus following the break below the 200dma. Below the Jan 9 low would
open the 100dma currently at 124.41. Bulls need a break back above 128 to
stabilise the outlook while above the Jan 31 high at 129.81 would shift the
focus to the July highs. Above here would improve the big picture outlook and
allow a run at the May 28 high at 132.88.

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