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(H1) Fresh Trend High Print

BTP TECHS
  • RES 4: 153.09 1.00 proj of Jun 10 - Aug 20 rally from Sep 9 (cont)
  • RES 3: 153.00 Round number resistance
  • RES 2: 152.77 138.2% retracement proj of the Nov 30 - Dec 1 sell-off
  • RES 1: 152.49 High Dec 10
  • PRICE: 152.39 @ Close Dec 15
  • SUP 1: 151.89 Low Dec 14
  • SUP 2: 151.38 Low Dec 10
  • SUP 3: 150.93 Low Dec 3
  • SUP 4: 150.31 Low Dec 1 and key support

BTPS is bullish and traded higher once again yesterday. The break higher last week of 151.54, Nov 30 high confirmed an end to the recent corrective cycle and the underlying uptrend resumed. Trend conditions remain positive and price maintains the sequence of higher highs and higher lows. A number of recent objectives have been met. The focus is on 152.77 next, a Fibonacci retracement projection. Initial firm support lies at 151.38, Dec 10 low.

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