TECHS: (M9) Range Remains Intact *RES 4:.......>

BTPS: TECHS: (M9) Range Remains Intact

*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: 129.14 @ Close Apr 1 

*SUP 1: 128.66 Low Apr 1

*SUP 2: 128.64 Low Mar 27 

*SUP 3: 128.29 Low Mar 13 

*SUP 4: 127.57 Low Mar 7 

BTP futures continue to trade in their tight range just below the 130 level with

yesterday's break below the 21-dma failing to establish a break of the lower

bound of the range. Bulls look for a close above 130 to reignite upside momentum

and open the 61.8% retracement of 141.19-117.77 at 132.24 on the continuation

chart. On the downside bears need to break below 128.66/68 to create some

downside momentum and bring the March 13 low at 128.64 into play.