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TECHS: (U0) Needle Still Points North *RES.....>

BTPS
BTPS: TECHS: (U0) Needle Still Points North
*RES 4: 146.03 High Mar 6 (cont)
*RES 3: 145.69 High Mar 27 (cont)
*RES 2: 144.83 1.764 projection of the Jun 4 rally from Jun 10 low
*RES 1: 144.62 High Jul 3 and intraday bull trigger
*PRICE: 144.03 @ Close Jul 6
*SUP 1: 143.10 Low Jun 30
*SUP 2: 142.86 Low Jun 25 and key near-term support
*SUP 3: 141.84 High Jun 4 and former breakout level
*SUP 4: 141.03 50-day EMA
BTPS futures maintain a bullish tone. The positive trend sequence of higher
highs and higher lows remains intact and the contract registered a fresh high
print of 144.62 Friday before retracing. Moving average and momentum studies are
still constructive although we do note that the trend condition is overbought.
For now, further gains are still likely with the focus on 144.83 next, a
Fibonacci projection. Initial firm support is at 142.86, Jun 25 low.

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