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TECHS: (Z18) Potential Bullish Exhaustion......>

BTPS
BTPS: TECHS: (Z18) Potential Bullish Exhaustion
*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: 126.68 
*SUP 1: 125.71 100-DMA 
*SUP 2: 124.29 55-DMA 
*SUP 3: 123.30 High Aug 22 now support 
*SUP 4: 120.47 Low Sep 3 
Dec-18 BTP futures were unable to sustain their gains above 127.00 yesterday and
the weak close gives bears a chance to target the 10-dma at 125.71. A break
below here would shift the outlook neutral, while below the 55-dma would be
needed to suggest the bears have control. On the upside bulls continue to target
the July 17 high which would potentially trigger a large double bottom
formation, shifting the medium-term outlook bullish. 

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