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TECHS: (Z18) 100-DMA Back In Focus *RES 4:.....>

BTPS
BTPS: TECHS: (Z18) 100-DMA Back In Focus
*RES 4: 136.75 High May 16 (Continuation chart) 
*RES 3: 132.88 High May 28 (Continuation chart) 
*RES 2: 129.97 High July 19 (Continuation chart) 
*RES 1: 128.02 High July 17 
*PREVIOUS CLOSE: 125.91 
*SUP 1: 125.42 100-DMA 
*SUP 2: 124.34 55-DMA 
*SUP 3: 123.30 High Aug 22 now support 
*SUP 4: 120.47 Low Sep 3 
Dec-18 BTP futures followed the rest of the region lower yesterday as the bears
now eye the 10-dma at 125.42. A break below here would suggest a bearish
reversal is in play, which would be confirmed below the 55-dma at 124.34. Bulls
need to overcome the Sep 18 high of 127.70, with a break above here shifting the
focus back to the July 17 high which would potentially trigger a large double
bottom formation, turning the medium-term outlook bullish. 

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