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Approaching Bull Channel Base

BTP TECHS

BTPs (U1) futures are trading lower this morning.

  • The contract is approaching a key 154.54/52 area of support. This marks a recent low and the base of a bull channel drawn off May 19 low.
  • A clear break would strengthen a bearish case and signal scope for a deeper pullback.
  • The 50-day EMA lies at 153.59

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