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TECHS:(U18) Downtrend Intact *RES 4: 126.94...>

BTPS
BTPS: TECHS:(U18) Downtrend Intact 
*RES 4: 126.94 Medium Term Pivotal 
*RES 3: 126.24 High Aug 8 
*RES 2: 125.23 High Aug 22 
*RES 1: 124.80 21-dma 
*PREVIOUS CLOSE: 123.41 
*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 
While the Sep-18 BTP closed off its low on Friday the trend remains bearish as
the 21-dma caps gains from above. Bulls need to overcome this level 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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