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TECHS: (M0) Focus Is On 139.77 Bull Trigger....>

BTPS
BTPS: TECHS: (M0) Focus Is On 139.77 Bull Trigger
*RES 4: 142.41 High Apr 3
*RES 3: 141.13 High Apr 9
*RES 2: 140.64 High Apr 14
*RES 1: 140.09 High May 18 and key intraday resistance
*PRICE: 138.85 @ Close May 18
*SUP 1: 136.86 Low May 13
*SUP 2: 135.43 Low May 8 and key near-term support
*SUP 3: 134.61 Low Apr 24
*SUP 4: 132.61 Low Apr 22 and the bear trigger
BTPS futures found support on May 7 at 135.43. The recovery off this level
leaves the important near-term support at 134.61, Apr 24 low intact. Yesterday,
futures traded higher and managed to probe resistance at 139.77, Apr 30 high.
The move defines a key intraday resistance at 140.09 where a break would confirm
a resumption of strength and open 142.41, Apr 3 high. On the downside, initial
firm support is at 136.86, May 13 low. Bullish!

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