TECHS: (Z9) Downtrend Intact *RES 4: 144.64....>

BTPS: TECHS: (Z9) Downtrend Intact

*RES 4: 144.64 High Oct 31 and near-term key resistance

*RES BTPS TECHS: 3: 143.93 High Nov 7

*RES 2: 142.56 High Nov 8

*RES 1: 141.73 High Nov 13 and 14

*PRICE: 141.50 @ Close Nov 15

*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 current downtrend in Z9 BTPS remains intact although for now, futures appear

to be consolidating. The recent break of the former key support at 143.07, Sep

11 low confirmed a reversal and brought to an end a 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.