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TECHS: (Z18) Potential Bullish Reversal *RES...>

BTPS
BTPS: TECHS: (Z18) Potential Bullish Reversal
*RES 4: 128.02 High July 17 
*RES 3: 127.70 High Sep 18 
*RES 2: 122.88 55-dma 
*RES 1: 121.70 High Oct 17 
*PREVIOUS CLOSE: 120.26.
*SUP 1: 117.77 Low Oct 17 
*SUP 2: 113.64 Low Jan 3, 2014 (continuation chart) 
*SUP 3: 108.60 Low Apr 10, 2013 (continuation chart) 
*SUP 4: 106.39 Low Jun 28, 2013 (continuation chart) 
BTP futures found support just below the 118 level on Friday triggering a
recovery of 120 to stabilise the short-term outlook. A break above the Oct 17
high at 121.70 is now needed to shift the outlook positive and target the
55-dma. Above here would potentially trigger a bullish reversal pattern. Bears
look to break below Friday's low at 117.77 to extend the downtrend to new
multi-year lows. 

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