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TECHS: (Z18) Challenging The July Highs *RES...>

BTPS
BTPS: TECHS: (Z18) Challenging The July Highs
*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: 127.25 
*SUP 1: 125.81 100-DMA 
*SUP 2: 124.28 55-DMA 
*SUP 3: 123.30 High Aug 22 now support 
*SUP 4: 120.47 Low Sep 3 
Dec-18 BTP futures continue to push higher after breaking above the 100-dma,
with the July 19 high (continuation chart) coming into focus. Above here would
trigger a large double bottom formation, shifting the medium-term outlook
bullish. Bears need to regain the 100-dma at 125.81 to open up support at the
55-dma, now coming in at 124.28, but the tide is rapidly turning against them. 

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