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(Z18) 100-DMA Becomes Support *RES 4: 136.75...>

BTPS
BTPS: (Z18) 100-DMA Becomes Support
*RES 4: 136.75 High May 16 (Continuation chart) 
*RES 3: 132.88 High May 28 (Continuation chart) 
*RES 2: 129.97 High July 19 (Continuation chart) 
*RES 1: 128.02 High July 17 
*PREVIOUS CLOSE: 126.68 
*SUP 1: 125.61 100-DMA 
*SUP 2: 124.31 55-DMA 
*SUP 3: 123.30 High Aug 22 now support 
*SUP 4: 120.47 Low Sep 3 
Early gains were given back in Dec-18 BTP futures yesterday as the 100-dma at
125.61 now comes into focus on the downside. Bears need to break back below here
to suggest a bearish reversal is in play, which would be confirmed below the
55-dma at 124.31. On the upside bulls continue to target the July 17 high which
would potentially trigger a large double bottom formation, shifting the
medium-term outlook bullish.

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