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TECHS: (M0) Holding Above Recent Lows *RES.....>

BTPS
BTPS: TECHS: (M0) Holding Above Recent Lows
*RES 4: 140.64 High Apr 14
*RES 3: 139.72/77 50-day EMA / High Apr 30 and bull trigger
*RES 2: 139.02 High May 5
*RES 1: 138.59 High May 11
*PRICE: 137.35 @ Close May 12
*SUP 1: 135.43 Low May 8 and key near-term support
*SUP 2: 134.61 Low Apr 24
*SUP 3: 132.61 Low Apr 22 and the bear trigger
*SUP 4: 132.30 61.8% retracement of Mar 18 - 27 rally
BTPS are unchanged. The contract found support last week at 135.43, May 7 low.
The subsequent recovery leaves the important near-term support at 134.61, Apr 24
low intact. The technical picture appears positive however to confirm and
reinstate a bullish theme, price needs to clear resistance at 139.77, Apr 30
high. A failure to hold above support at 135.43 would again leave 134.61 exposed
ahead of the key support at 132.61, Apr 22 low.

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