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TECHS:(Z18) On The Front Foot *RES 4: 136.75...>

BTPS
BTPS: TECHS:(Z18) On The Front Foot
*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: 127.13
*SUP 1: 125.53 100-DMA 
*SUP 2: 124.34 55-DMA 
*SUP 3: 123.30 High Aug 22 now support 
*SUP 4: 120.47 Low Sep 3 
BPT futures are on the front foot following the strong close to the week on
Friday. The Sep 18 high of 127.70 remains in bulls' sights, with a break above
here shifting the focus back to the July 17 high which would potentially trigger
a large double bottom formation, turning the medium-term outlook bullish. Bears
need to break back below the 100-dma at 125.53 to suggest a bearish reversal is
in play, which would be confirmed below the 55-dma at 124.34. 

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