TECHS: (M0) Where To Next? *RES 4: 148.09......>

BTPS: TECHS: (M0) Where To Next?

*RES 4: 148.09 High Mar 4

*RES 3: 147.08 High Mar 6

*RES 2: 145.29 High Mar 11

*RES 1: 143.00 High Mar 19

*PRICE: 137.32 @ Close Mar 19

*SUP 1: 136.00 Low Mar 19

*SUP 2: 135.00 Round number support

*SUP 3: 133.51 50.0% retracement of the Wed-Thur bounce

*SUP 4: 131.27 61.8% retracement of the Wed-Thur bounce

BTPS futures remain extremely volatile. A sharp move yesterday leaves the

contract trading much higher and off this week's low of 124.02. We will need to

wait for the dust to settle before gaining a clearer picture on where futures go

next. Given recent activity, a bearish risk is still likely to dominate though.

Further downside would refocus attention on the 130.00 handle while yesterday's

high of 143.00 is seen as a key S/T resistance and potential upside trigger.