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TECHS:(Z18) Sep 3 Lows Hold Firm For Now.......>

BTPS
BTPS: TECHS:(Z18) Sep 3 Lows Hold Firm For Now
*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: 124.02 55-dma 
*PREVIOUS CLOSE: 122.07 
*SUP 1: 120.47 Low Sep 3 
*SUP 2: 120.10 Low May 29 (continuation chart) 
*SUP 3: 118.00 Channel bottom 
*SUP 4: 117.87 Low May 8, 2013 
Some stability returned to BTPS yesterday as bears were unable to take out
Tuesday's low triggering a sizeable bounce which returns the short-term outlook
neutral. A break below yesterday's low would strengthen the bearish case,
targeting the key Sep 3 low at 120.47 ahead of a run at the May 29 low on the
continuation chart at 120.10. Bulls need to hold the Sep 3 lows to target the
55-dma at 124.02, a break of which would turn the outlook bullish.

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