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TECHS: (Z18) Rejected At 55-DMA *RES 4:........>

BTPS
BTPS: TECHS: (Z18) Rejected At 55-DMA
*RES 4: 127.70 High Sep 18 
*RES 3: 125.71 Low Sep 24 now resistance 
*RES 2: 124.16 High Oct 1 
*RES 1: 122.83 55-dma 
*PREVIOUS CLOSE: 120.65. 
*SUP 1: 117.77 Low Oct 19 
*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 got off to a strong start yesterday but hit resistance at its 55-dma
at 122.83 which keeps the broader bearish trend intact. Bears now look for a
retest of  Friday's low at 117.77 to extend the downtrend to new multi-year
lows. Bulls need to recover the 55-dma to potentially trigger a bullish reversal
pattern. 

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