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TECHS: (Z9) Downtrend Established *RES 4:......>

BTPS
BTPS: TECHS: (Z9) Downtrend Established
*RES 4: 145.14 High Oct 16
*RES 3: 144.64 High Oct 31 and near-term key resistance
*RES 2: 143.93 Yesterday's high
*RES 1: 142.56 High Nov 8
*PRICE: 141.11@ Close Nov 11
*SUP 1: 140.67 Low Nov 8
*SUP 2: 140.38 2.618 projection of Sep 12 - Sep 18 decline from Sep 25 high
*SUP 3: 140.36 Low Aug 26
*SUP 4: 140.00 Round number support
A downtrend has been established in Z9 BTPS following last weeks break of former
key support at 143.07, Sep 11 low. This brought to an end the long period of
consolidation that had been in place since Sep 12. The break lower provides a
clear reversal signal with momentum studies also trending down. Potential is for
weakness towards 140.38 and 140.00 next. Initial resistance is at 142.56,
Friday's high.

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