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TECHS: (M0) Retraces This Year's Rally *RES....>

BTPS
BTPS: TECHS: (M0) Retraces This Year's Rally
*RES 4: 148.03 High Mar 5
*RES 3: 147.08 High Mar 6
*RES 2: 145.34 Low Mar 6
*RES 1: 144.89 High Mar 6
*PRICE: 142.59 @ Close Mar 9
*SUP 1: 141.47 Low Mar 9
*SUP 2: 140.95 High Dec 4 and gap low on daily shart (cont)
*SUP 3: 140.00 Round number support
*SUP 4: 139.53 Low Dec 3 (cont) and key support
BTPS futures crashed yesterday and closed sharply lower on the day. In
spectacular fashion, futures have retraced this year's entire rally and appear
set to remain under pressure near-term. A break of yesterday low of 141.47 would
trigger a fresh round of weakness and open the 140.00 handle. Price action is
also likely to remain extremely volatile, initial resistance is seen at
yesterday's 144.89 high.

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