TECHS: (U0) Bulls Remain In Control

• RES 4: 148.97 High Feb 13 (cont)
• RES 3: 148.32 High Mar 4 (cont)
• RES 2: 147.43 High Mar 5 (cont)
• RES 1: 147.39 High Jul 27
• PRICE: 147.02 @ Close Jul 29
• SUP 1: 145.62 Low Jul 21 and key near-term support
• SUP 2: 145.40 20-day EMA
• SUP 3: 144.92 Low Jul 20
• SUP 4: 143.61 Low Jul 13 and key near-term support

BTPS futures are maintaining the current uptrend that has been in place
since late April. The bullish price sequence of higher highs and higher
lows that defines a bull trend remains clearly intact. Furthermore, MA and
momentum studies are in a bullish position although it is worth noting that
the trend condition is overbought. Attention is on 148.32 next, high Mar 4
(cont). Initial firm support is 145.62, Jul 21 low.