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TECHS:(Z18) Lows Are Holding For Now *RES 4:...>

BTPS: TECHS:(Z18) Lows Are Holding For Now
*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: 123.82 55-dma 
*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 
Despite failing to close back above 122 last week the Sep 3 lows continue to
hold firm. Bulls need to recover the 55-dma at 123.82 to shift the outlook
bullish and target the Sep 18 high at 127.70. A break below the Oct 2 low at
120.47 would strengthen the bearish case, targeting the key Sep 3 low at 120.47
ahead of a run at the May 29 low on the continuation chart at 120.10.

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