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TECHS:(M9) Bearish Reversal *RES 4: 132.88.....>

BTPS
BTPS: TECHS:(M9) Bearish Reversal
*RES 4: 132.88 High May 28 (continuation chart) 
*RES 3: 132.24 61.8% retracement of 141.19 - 117.77 (continuation chart) 
*RES 2: 131.12 High April 12 
*RES 1: 130.32 High April 18 
*PRICE: 129.30 @ Close Apr 23 
*SUP 1: 128.50 Low Apr 4 
*SUP 2: 128.29 Low Mar 13 
*SUP 3: 127.79/128.02 Low Mar 7/55-dma 
*SUP 4: 125.97 Low Mar 4
BTP futures closed cleanly below the 130 level yesterday to shift the outlook
bearish and suggest a potential downside reversal. The April 4 low at 128.50 is
the initial downside target ahead of the March 13 low at 128.29. Below here
would open a run at the March 7 low/55-dma at 127.79/128.02. Bulls need to
recover Thursday's high at 130.32 with a break opening the April 12 ytd high at
131.12.

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