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TECHS: (U0) Bulls Still In Charge

BTPS
  • 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: 146.87 @ Close Jul 28
  • SUP 1: 145.62 Low Jul 21 and key near-term support
  • SUP 2: 145.23 20-day EMA
  • SUP 3: 144.92 Low Jul 20
  • SUP 4: 143.61 Low Jul 13 and key near-term support

BTPS futures edged higher Monday, maintaining the current uptrend that
has been in place since late April. The bullish price sequence of higher
highs and higher lows that defines an uptrend 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. Initial firm support is 145.62.

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