TECHS: (M9) 130 Remains Intact But At Risk.....>

BTPS: TECHS: (M9) 130 Remains Intact But At Risk

*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: 129.52 @ Close Mar 29

*SUP 1: 128.88 21-dma

*SUP 2: 128.64 Low Mar 27 

*SUP 3: 128.29 Low Mar 13 

*SUP 4: 127.57 Low Mar 7 

All eyes are on the 130 level in BTP futures which continues to hold despite

several attempts at a break. A close above this level is needed to reignite

upside momentum and open the 61.8% retracement of 141.19-117.77 at 132.24 into

play on the continuation chart. On the downside bears need to break below the

21-dma at 128.88 to create some downside momentum. Below here brings the March

27 low at 128.64 into play.