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TECHS: (M9) Snaps 5 Sessions of Lower Lows.....>

BTPS
BTPS: TECHS: (M9) Snaps 5 Sessions of Lower Lows
*RES 4: 134.68 76.4% retracement of 139.91 - 117.77 (continuation chart)
*RES 3: 131.45 61.8% retracement of 139.91 - 117.77 (continuation chart)
*RES 2: 130.06/28 High Mar 7/June 4 (continuation chart)
*RES 1: 129.71 High Mar 8
*PRICE: 129.23 @ Mar 14 Close
*SUP 1: 128.29 Low Mar 13
*SUP 2: 127.57 Low Mar 7
*SUP 3: 126.79 Low Mar 6
*SUP 4: 125.97/126.00/126.22 Low Feb 28/Low Mar 4/50-dma
BTPs futures snapped the recent losing streak on Thursday, breaking back above
the 129 handle and briefly touching a weekly high at 129.35. The move snapped a
five session streak of lower lows, keeping the medium-term momentum bullish.
This keeps focus on the 129.71 level, marking a YTD high. Above here would
extend the rally to the June 4 highs at 130.28 on the continuation chart. On the
downside bears look to break below the 50-dma at 126.22.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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