TECHS: (Z0) Corrective Phase

• RES 4: 152.00 Round number resistance
• RES 3: 151.17 0.764 of Jun 10 - Aug 20 swing from Sep 9 low (cont)
• RES 2: 150.46 High Oct 16 and the bull trigger
• RES 1: 150.12 Oct 26 high
• PRICE: 149.01 @ Close Oct 28
• SUP 1: 148.80 Low Oct 28
• SUP 2: 148.37 Low Oct 22 and key near-term support
• SUP 3: 148.03 38.2% retracement of the Sep 1 - Oct 16 rally
• SUP 4: 147.46 Low Sep 30 and 50-day EMA

BTPS outlook remains bullish however futures are currently still trading in a corrective cycle and below recent highs. Monday's gap higher at the open failed to deliver a bullish extension and price traded lower to fill the gap. Key S/T support has been defined at 148.37, Oct 22 low. A break of this level would signal scope for a deeper pullback, potentially towards 148.03, a Fibonacci retracement level. Key resistance and the bull trigger is at 150.46.