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TECHS:(Z18) May Lows Taken Out *RES 4:.........>

BTPS
BTPS: TECHS:(Z18) May Lows Taken Out
*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: 123.79 55-dma 
*PREVIOUS CLOSE: 119.77
*SUP 1: 118.94 Low Oct 8 
*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) 
The May lows were taken out yesterday keeping the bearish trend intact and
extending the selloff into fresh multi-year low territory. A close below
yesterday's low at 118.94 would target the bear channel bottom at 118.00. Bulls
need to recover 120 to stabilise the near-term outlook and attempt to target the
55-dma at 123.79 to turn the picture bullish positive. 

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