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TECHS: (Z18) Weak Close Keeps Focus Lower......>

BTPS
BTPS: TECHS: (Z18) Weak Close Keeps Focus Lower
*RES 4: 128.02 High July 17 
*RES 3: 127.70 High Sep 18 
*RES 2: 123.01 55-dma 
*RES 1: 121.70 High Oct 17 
*PREVIOUS CLOSE: 120.16
*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 opened strong yesterday but gains were given back and more to see
the contract close at its lows, keeping the broader bearish trend intact. Bulls
need a break above yesterday's high at 121.70 to suggest a potential bullish
reversal, while bears need to take out the Oct 9 low to extend the broader
downtrend. 

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