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TECHS: (M0) Needle Still Points North *RES.....>

BTPS
BTPS: TECHS: (M0) Needle Still Points North
*RES 4: 146.00 0.618 projection of Mar 18 - 27 rally from Apr 22 low
*RES 3: 145.69 High Mar 27 and key resistance
*RES 2: 144.00 High Mar 30
*RES 1: 143.00 Intraday high
*PRICE: 142.80 @ Close May 28
*SUP 1: 141.24 Low May 27
*SUP 2: 140.33 Low May 22
*SUP 3: 139.64 Low May 20 and key near-term support
*SUP 4: 137.52 Low May 18
BTPS remains bullish, edging higher once again yesterday. Futures found support
on May 7 at 135.43. The recovery since, marked a positive price development and
last week the contract confirmed a resumption of bullish strength following the
break of resistance at 139.77, Apr 30 high. Momentum studies are also pointing
north. The focus is on 144.00 next, Mar 30 high and a key resistance at 145.69,
Mar 27 high. Initial firm support lies at 139.64, May 20 low.

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