TECHS: (M9) Range Highs In Focus *RES 4:.......>

BTPS: TECHS: (M9) Range Highs In Focus

*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: 129.60 @ Close Apr 8 

*SUP 1: 128.50 Low Apr 4 

*SUP 2: 128.29 Low Mar 13 

*SUP 3: 127.57 Low Mar 7/50-dma 

*SUP 4: 126.79 Low Mar 6

BTP futures remain just below the key 130 level marking the range top and the

March 18 high. A break above here would mark a break of a month long trend,

shifting the outlook bullish and opening 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.