TECHS: (M0) Still Heavy! *RES 4: 145.29 High...>

BTPS: TECHS: (M0) Still Heavy!

*RES 4: 145.29 High Mar 11 and key near-term resistance

*RES 3: 141.59 Low Mar 9

*RES 2: 139.96 High Mar 13

*RES 1: 136.45 High Mar 16

*PRICE: 132.88 @ Close Mar 16

*SUP 1: 132.15 Low Mar 16

*SUP 2: 132.10 1.764 projection of Mar 4 - Mar 9 decline from Mar 11 high

*SUP 3: 130.33 2.000 projection of Mar 4 - Mar 9 decline from Mar 11 high

*SUP 4: 130.00 Round number support

BTPS futures remain volatile while the bearish onslaught continues. This month's

heavy sell-off is still expected to weigh on sentiment and further downside

pressure is likely. Attention is on 132.10 and 130.33 next, both Fibonacci

projection levels. Initial resistance is seen at yesterday's 136.45 high. A

break above this level would provide some relief however, there remains a key

hurdle at 139.96, Mar 13 high that needs to be cleared to signal a base.