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TECHS: (M0) Resistance Cleared *RES 4:.........>

BTPS
BTPS: TECHS: (M0) Resistance Cleared
*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: 140.25 @ Close May 20
*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 has 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.

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