TECHS:(H9) Range Lows Hold *RES 4: 132.88......>

BTPS: TECHS:(H9) Range Lows Hold

*RES 4: 132.88 High May 28 (continuation chart) 

*RES 3: 129.97 High Jul 19 (continuation chart) 

*RES 2: 128.59 High Jan 2 

*RES 1: 128.20 High Jan 18 

*PREVIOUS CLOSE: 127.86 

*SUP 1: 127.49 Low Jan 23 

*SUP 2: 125.30 Low Jan 9 

*SUP 3: 124.57 Low Dec 18 

*SUP 4: 121.40 Low Nov 28 

BTPs futures dipped slightly below the lower end of their range yesterday,

hitting 127.49, but the reversal returns the focus to the upside. Bulls' focus

is on the Jan 18 high at 128.20 ahead of the Jan 2 highs at 128.59. A break

above here would open a move back towards the July 19 high on the continuation

chart. On the downside bears need to see a break below 127.50 to gain the near

term edge and allow a run at the Jan 9 low of 125.30.