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(H9) Pullbacks Look Corrective *RES 4:.........>

BTPS: (H9) Pullbacks Look Corrective
*RES 4: 139.91 High May 4 (continuation chart) 
*RES 3: 135.10 Low Feb 14, now resistance (continuation chart) 
*RES 2: 132.88 High May 28 (continuation chart) 
*RES 1: 129.97 High Jul 19 (continuation chart) 
*SUP 1: 127.49 Low Jan 23 
*SUP 2: 125.30 Low Jan 9 
*SUP 3: 124.57 Low Dec 18 
*SUP 4: 121.40 Low Nov 28 
BTPs futures edged back from their highs yesterday but weakness looks corrective
as the broader uptrend from the Nov lows remains intact. Bulls look to the key
July 19 high at 129.97 to give further weight to the recovery, opening the May
28 high at 132.88 ahead of the Feb 14 low at 135.10. On the downside bears need
to see a break below 127.49 to gain the near term edge and allow a run at the
Jan 9 low of 125.30.

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