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

BTPS
BTPS: TECHS: (Z18) 21-DMA Holds Despite Rising Risk Aversion 
*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: 121.61 
*SUP 1: 121.28 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 managed to hold above their 21-dma yesterday despite widespread risk
aversion in global markets. Bulls continue to target the Oct 29 high at 123.21
to shift the outlook positive. Above here would open the Sep 18 high and suggest
a large bottoming pattern is playing out. Bears need a close below the 21-dma at
121.28 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.

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