TECHS:(M9) 129 Handle Under Pressure *RES 4:...>

BTPS: TECHS:(M9) 129 Handle Under Pressure

*RES 4: 132.24 61.8% retracement of 141.19 - 117.77 (continuation chart) 

*RES 3: 131.12 High April 12 

*RES 2: 130.32 High April 18 

*RES 1: 129.89 High April 25 

*PRICE: 129.27 @ Close Apr 25 

*SUP 1: 129.01 Low Apr 25 

*SUP 2: 128.50 Low Apr 4 

*SUP 3: 128.29 Low Mar 13 

*SUP 4: 127.79/128.15 Low Mar 7/55-dma 

BTP futures are on the back foot as the 129 handle comes under pressure. A break

below yesterday's low at 129.01 would mark a bearish break opening the April 4

low at 128.50. Bulls need to recover yesterday's high at 129.89 to improve the

outlook and return the focus to the April 18 high at 130.32. Above here would

open the April 12 ytd high at 131.12 ahead of the 61.8% retracement at 132.24.