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TECHS: (Z18) Bulls Look To Repair Some.........>

BTPS
BTPS: TECHS: (Z18) Bulls Look To Repair Some Damage
*RES 4: 128.02 High July 17 
*RES 3: 127.70 High Sep 18 
*RES 2: 123.18 55-dma 
*RES 1: 121.31 High Oct 10 
*PREVIOUS CLOSE: 121.00 
*SUP 1: 118.39 Low Oct 9 
*SUP 2: 118.00 Channel bottom (continuation chart) 
*SUP 3: 117.87 Low May 8, 2013 (continuation chart) 
*SUP 4: 113.64 Low Jan 3, 2014 (continuation chart)
BTP futures managed to break briefly above the 121.00 level yesterday before
closing on it, which has improved the short-term outlook. A close above
yesterday's high at 121.31 would give bulls the upper hand to challenge the
55-dma, above which the recovery would gain momentum. Bears need to take out the
Oct 9 low to extend the broader downtrend. 

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