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TECHS: (Z18) Stuck In A Tight Range *RES 4:....>

BTPS
BTPS: TECHS: (Z18) Stuck In A Tight Range
*RES 4: 128.02 High July 17 
*RES 3: 127.70 High Sep 18 
*RES 2: 123.18 55-dma 
*RES 1: 120.97 High Oct 10 
*PREVIOUS CLOSE: 119.78 
*SUP 1: 118.39 Low Oct 9 
*SUP 2: 118.00 Channel bottom (continuation chart) 
*SUP 3: 117.87 Low May 8, 2013 (continuation chart) 
*SUP 4: 113.64 Low Jan 3, 2014 (continuation chart) 
BTP futures continue to trade in a tight and contracting range warning of a
potential breakout in one direction or another. Bulls need a break above the Oct
10 high to suggest a potential bullish reversal, while bears need to take out
the Oct 9 low to extend the broader downtrend. Given the broader trend is
bearish, bears have the edge for now.  

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