TECHS:(M9) 130 Level Holds On A closing........>

BTPS: TECHS:(M9) 130 Level Holds On A closing Basis

*RES 4: 134.82 Low Jan 2 2018 (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: 131.12 High April 12 

*PRICE: 130.06 @ Close Apr 16 

*SUP 1: 129.59 Low Apr 16 

*SUP 2: 128.50 Low Apr 4 

*SUP 3: 128.29 Low Mar 13 

*SUP 4: 127.79/88 Low Mar 7/55-dma 

BTP futures broke back below the 130 level yesterday which marks the prior range

high but a late day recovery managed to allow bulls to close above it. Bulls

need to hold above here to return the focus to Friday's high at 131.13, above

which would open the 61.8% retracement of 141.19-117.77 at 132.24 on the

continuation chart. On the downside bears look to push below yesterday's low at

129.59 to suggest a bearish reversal down towards the April 4 low at 128.50.