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TECHS: (M0) Holding Onto Gains *RES 4:.........>

BTPS
BTPS: TECHS: (M0) Holding Onto Gains
*RES 4: 142.60 76.4% retracement of the Mar 27 - Apr 22 low
*RES 3: 142.41 High Apr 3
*RES 2: 141.90 High Apr 7
*RES 1: 140.92 High May 22
*PRICE: 140.82 @ Close May 19
*SUP 1: 139.64 Low May 20
*SUP 2: 137.60 Low May 15
*SUP 3: 136.86 Low May 13 and key near-term support
*SUP 4: 135.43 Low May 8
BTPS remains bullish. Futures found support on May 7 at 135.43. The recovery off
this level marked a positive price development and last week, the contract
confirmed a resumption of bullish strength on the break of resistance at 139.77,
Apr 30 high. The move higher opens 142.41, Apr 3 high and 142.60, 76.4%
retracement of the Mar 27 - Apr 22 low. On the downside, key support has been
defined at 136.86, May 13 low. Initial support is at 139.64, May 20 low.

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