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TECHS:(Z18) Contract Lows In Sight *RES 4:.....>

BTPS
BTPS: TECHS:(Z18) Contract Lows In Sight
*RES 4: 129.97 High July 19 (Continuation chart) 
*RES 3: 128.02 High July 17 
*RES 2: 127.70 High Sep 18 
*RES 1: 124.12 55-dma 
*PREVIOUS CLOSE: 120.63 
*SUP 1: 120.47 Low Sep 3 
*SUP 2: 120.10 Low May 29 (continuation chart) 
*SUP 3: 118.00 Channel bottom
*SUP 4: 117.87 Low May 8, 2013
The rout in BTPs shows no signs of ending as the Sep 3 contract lows at 120.47
approach. A break below here would strengthen the bearish case, opening up a run
at the May 29 low on the continuation chart at 120.10. Bulls need to hold the
Sep 3 lows to target the 55-dma at 124.12. A break back above here would shift
the outlook neutral. 

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