TECHS: (M9) 130 Back In Play *RES 4: 135.66....>

BTPS: TECHS: (M9) 130 Back In Play

*RES 4: 135.66 76.4% retracement of 141.19 - 117.77 (continuation chart) 

*RES 3: 132.88 High May 28 (continuation chart) 

*RES 2: 132.24 61.8% retracement of 141.19 - 117.77 (continuation chart) 

*RES 1: 130.00 High Mar 18 

*PRICE: 129.74 @ Close Apr 5 

*SUP 1: 128.50 Low Apr 4 

*SUP 2: 128.29 Low Mar 13 

*SUP 3: 127.57 Low Mar 7 

*SUP 4: 127.52 50-dma 

BTP futures finished last week on a strong note bringing the key 130 level back

into play. A break above here would mark a break of a month long trend, shifting

the outlook bullish and opening the the 61.8% retracement of 141.19-117.77 at

132.24 on the continuation chart. On the downside Thursday's low at 128.50 acts

as initial support below which would create some downside momentum and bring the

March 13 low at 128.29 into play.