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TECHS:(U18) Bearish Pattern Continues *RES.....>

BTPS
BTPS: TECHS:(U18) Bearish Pattern Continues
*RES 4: 126.94 Medium Term Pivotal 
*RES 3: 126.24 High Aug 8 
*RES 2: 125.23 High Aug 22 
*RES 1: 124.43 21-dma 
*PREVIOUS CLOSE: 122.98
*SUP 1: 122.24 Low Aug 16 
*SUP 2: 122.05 Low June 8 
*SUP 3: 121.02 Low May 30 
*SUP 4: 120.93 Channel Support 
The Sep-18 BTP opened higher only to end lower yesterday in a trend that has
been playing out with regularity over recent weeks and points to further
downside. Bulls need to overcome the 21-dma if they are to stage a recovery but
the downtrend remains firmly intact for now. The next downside target is the Aug
16 low at 122.24 ahead of a possible run at the May lows.

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