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TECHS:(Z18) Still In Range *RES 4: 136.75......>

BTPS
BTPS: TECHS:(Z18) Still In Range
*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: 125.91 
*SUP 1: 125.33 100-dma 
*SUP 2: 124.35 55-dma 
*SUP 3: 123.30 High Aug 22 now support 
*SUP 4: 120.47 Low Sep 3 
Dec-18 BTP futures recovered the 126 level yesterday which keeps the recent
range intact with the potential for a bull flag breakout should the Sep 18 high
of 127.70 give way. A break above here would shift the focus back to the July 17
high which would potentially trigger a large double bottom formation, turning
the medium-term outlook bullish. Bears continue to eye the 10-dma at 125.33,
below here would suggest a bearish reversal is in play.

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