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TECHS: (Z9) Downside Extension *RES 4:.........>

BTPS: TECHS: (Z9) Downside Extension
*RES 4: 144.64 High Oct 31 and near-term key resistance
*RES 3: 143.93 High Nov 7
*RES 2: 142.56 High Nov 8
*RES 1: 141.73 High Nov 13 and 14
*PRICE: 140.77 @ Close Nov 14
*SUP 1: 140.24 Low Nov 14
*SUP 2: 140.00 Round number support
*SUP 3: 138.83 Low Sep 19
*SUP 4: 148.19 3.618 projection of Sep 12 - Sep 18 decline from Sep 25 high
The downtrend in Z9 BTPS that has recently been established remains intact.
Prices edged lower again yesterday. Last weeks breach of former key support at
143.07, Sep 11 low confirmed a reversal and brought to an end the long period of
consolidation that had been in place since Sep 12. This continues to weigh on
the contract and scope is seen for a move to 140.00 next and 138.83, Sep 19 low.
Initial resistance is at 141.73.

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