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TECHS:(M9) Weak Close Suggests Caution *RES....>

BTPS
BTPS: TECHS:(M9) Weak Close Suggests Caution
*RES 4: 134.82 Low Jan 2, 2018 (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: 130.96/131.12 High May 2/April 12 
*PRICE: 129.97 @ Close May 7
*SUP 1: 129.67 Low April 30 
*SUP 2: 129.01 Low Apr 25 
*SUP 3: 128.50 Low Apr 4 
*SUP 4: 128.29/86 Low Mar 13/55-dma 
BTP futures broke back below the 130 level yesterday with the weak close
shifting the near term focus to the downside. The April 30 low is the initial
downside target at 129.67 ahead of the April 25 low at 129.01. Below here would
open the April 4 low at 128.50. Bulls need to take out the May 2/April 12 highs
at 130.96/131.12. A break above here would open the 61.8% retracement at 132.24
on the continuation chart.

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