TECHS: (M0) Holds Onto Gains *RES 4: 142.60....>

BTPS: TECHS: (M0) Holds Onto Gains

*RES 4: 142.60 61.8% retracement of the Mar 27 - Apr 22 low

*RES 3: 142.41 High Apr 3

*RES 2: 141.90 High Apr 7

*RES 1: 140.82 High May 19

*PRICE: 140.48 @ Close May 21

*SUP 1: 137.60 Low May 15

*SUP 2: 136.86 Low May 13

*SUP 3: 135.43 Low May 8 and key near-term support

*SUP 4: 134.61 Low Apr 24

BTPS futures found support on May 7 at 135.43. The recovery off this level

marked a positive development and this week, the contract confirmed a resumption

of bullish strength following a clear break above resistance at 139.77, Apr 30

high. The break higher opens 142.41, Apr 3 high and 142.60, 61.8% 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 137.60, May 15 low.