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TECHS: (Z18) 21-DMA Holds Despite Dip Below ...>

BTPS
BTPS: TECHS: (Z18) 21-DMA Holds Despite Dip Below 
*RES 4: 129.97 High Jul 19 (continuation chart) 
*RES 3: 127.70 High Sep 18 
*RES 2: 125.71 Low Sep 24 now resistance 
*RES 1: 123.21 High Oct 29 
*PREVIOUS CLOSE: 121.42 
*SUP 1: 121.36 21-dma 
*SUP 2: 117.77 Low Oct 19 
*SUP 3: 113.64 Low Jan 3, 2014 (continuation chart) 
*SUP 4: 108.60 Low Apr 10, 2013 (continuation chart) 
BTP futures had a brief look below 121 yesterday before a rally saw the 21-dma
remain intact on a closing basis, keeping the outlook neutral for now. Bears
need a close below the 21-dma at 121.36 to return the focus to the Oct 19 lows
at 117.77, below which would open the Jan 2014 lows at 113.64 on the
continuation chart. Bulls continue to target the Oct 29 high at 123.21 to shift
the outlook positive. Above here would open the Sep 18 high.

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